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For the first time since 2017, Lucio Tan-owned Philippines Airlines turned a profit last year – roughly $86 million in unaudited net income – a tremendous feat considering the devastating impact of the COVID-19 pandemic the past two years.

New yorkUnited statesGilbert santa mariaJoseel perezNilo thaddeus rodriguezCarlos fernandezLucio philippines airlinesChina banking corpAsia united bankUnited states bankruptcy courtFinancial centerMakati centerPhilippine national bankUs bankruptcy courtUnion bankLucio tan owned philippines airlines