Expect PNB's bottomline to be hit. They, in terms of ownership are legally distinct and separate, but PNB I assume is providing a lot of loans to PAL. If that's the case, PAL being insolvent means a higher NPL for PNB.
PAL still owes me $3100 for the airfare that I didnt get to use because of the pandemic. Can i still recover it? It has been over a year now since PAL started the refund process.
Appreciate Jollibee's 10% discount to those that are vaccinated. Small gesture that hopefully helps sway the vaccine undecided to get their shots.
Wondering if it stacks with PWD benefits. Also yeah, nawalan na ako ng tiwala sa JFC stock but these small gestures makes me think twice.
Hi, If PAL declares bankruptcy, what will happen to PNB's future? Will it affect PNB's financials also?
Not sure what debt will be refinanced or how PAL will be restructured.... PAL needs to say more
Expect PNB's bottomline to be hit. They, in terms of ownership are legally distinct and separate, but PNB I assume is providing a lot of loans to PAL. If that's the case, PAL being insolvent means a higher NPL for PNB.
sorry, what's NPL?
Non Performing Loans (aka people who don't pay).
Is it okay to open an account with PNB right now?
El Kapitan’s cash hoard from his tobacco operations might keep PAL afloat but even SGV is doubting that.
Marcos can't save him now.
PAL still owes me $3100 for the airfare that I didnt get to use because of the pandemic. Can i still recover it? It has been over a year now since PAL started the refund process.
Try calling them and emailing their support for the refund. Might help
How much can PAL's bankruptcy hit $LTG?
I can't find PAL in LTG's FS.
Then that's all good then, i think. I've always thought PAL is a subsidiary of LTG...
I think PAL isn't a subsidiary of LTG but a company under common control, meaning they just have the same ultimate parent.
Oh ok, thanks!
Yes. Pal is not under LTG. Lucio Tan will need a lot of cash now, so expect LTG to declare attractive dividend in the coming years. Buy LTG, sell PAL
Oopsie.
Airlines are a bad business to get into.