{
    "success": true,
    "data": {
        "id": 1283188,
        "msgid": "pal-books-first-profit-1447893297",
        "date": "2000-06-13 00:00:00",
        "title": "PAL books first profit",
        "author": null,
        "source": "AFP",
        "tags": null,
        "topic": null,
        "summary": "PAL books first profit MANILA (AFP): Debt-saddled Philippine Airlines (PAL) on Monday reported a net profit of 44.2 million pesos (US$1.052 million) for the fiscal year ended March, its first profit in seven years. The figure was a \"dramatic single-year\" turnaround for Asia's oldest airline, which in the fiscal year 1998-1999 chalked up 10.181 billion pesos (US$242.4 million) in losses, PAL said in a statement.",
        "content": "<p>PAL books first profit<\/p>\n<p>MANILA (AFP): Debt-saddled Philippine Airlines (PAL) on Monday<br>\nreported a net profit of 44.2 million pesos (US$1.052 million)<br>\nfor the fiscal year ended March, its first profit in seven years.<\/p>\n<p>The figure was a \"dramatic single-year\" turnaround for Asia's<br>\noldest airline, which in the fiscal year 1998-1999 chalked up<br>\n10.181 billion pesos (US$242.4 million) in losses, PAL said in a<br>\nstatement.<\/p>\n<p>PAL has suffered a combined net loss of 25.614 billion pesos<br>\n($609 million) in the last six years, it said.<\/p>\n<p>PAL chairman and chief executive officer Lucio Tan said that<br>\nwhile the 1999 figure \"is really nothing to crow about\" it could<br>\nstill be considered an \"achievement\" considering the company was<br>\nnearly bankrupt 12 months earlier.<\/p>\n<p>The airline was forced to shut down temporarily in September<br>\n1998, saddled with debts totaling $2.24 billion and labor<br>\nproblems.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/pal-books-first-profit-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}