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The57-yearoldPhilippineAirlines(PAL),whichclosedatmidnightSept.23,leftwithadebtof$2.1billion,andbecameAsia'sfirstflagcarriertofallvichnitothereces5ionthathadgrippedthetfavelindustryformorethanayear-Butitsproblemswentdeeperthantherecession.Theycenteredonye
The57-yearoldPhilippineAirlines (PAL), whichclosedatmidnightSept.23, leftwithadebtof $ 2.1billion, andbecameAsia'sfirstflagcarriertofallvichnitotherecesionhathadgrippedthetfavelindustryformorethanayear-Butitsproblemswentdeeperthantherecession.Theycenteredonye