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PAL operator incurs P73 billion loss in 2020, airline to undergo restructuring

ABS-CBN News
Updated as of Jun 17 11:44 AM

Philippine Airlines Holdings Inc said Thursday it incurred a net comprehensive loss of P73 billion for the year 2020 reflecting the “extraordinary impact” of the COVID-19 pandemic on operations of subsidiary Philippine Airlines. Read more »

Chelsea Logistics posts 'disappointing' net loss in 2020 due to pandemic

ABS-CBN News
Posted at Apr 26 12:01 PM

Chelsea Logistics and Infrastructure Holdings posted a net loss of P3.311 billion in 2020 due to the impact of the COVID-19 and has initiated “painful” cost-cutting measures to stay afloat, it said.  Read more »

Airlines face $47.7 billion loss in 2021: IATA

Agence France-Presse
Posted at Apr 22 08:18 AM

Airlines lost more than $126 billion last year as the Covid-19 crisis prompted countries to lock down cities, close borders and ban international flights. Read more »

Jollibee Foods Corp posts consolidated net loss of P11.51 billion for 2020

ABS-CBN News
Posted at Apr 13 11:41 AM

Jollibee Foods Corp said Tuesday it posted a consolidated net loss attributable to equity holders of P11.51 billion for 2020, 0.1 percent higher compared to the earlier unaudited tally of P11.49 billion.   Read more »

Cebu Pacific posts P22.2 billion net loss in 2020 due to 'severe' pandemic impact

ABS-CBN News
Posted at Mar 30 04:42 PM

Cebu Pacific said Tuesday it posted a net loss of P22.2 billion in 2020 due to the "heavy impact" of the COVID-19 pandemic.    Read more »

Airbus reports 1.1-billion-euro loss in 2020 in wake of COVID-19

Agence France-Presse
Updated as of Feb 18 05:25 PM

European aircraft giant Airbus said Thursday it was able to limit its losses last year as the airline sector collapsed in the wake of the coronavirus pandemic. Read more »

Bloomberry posts P2.5 billion net loss in Q3 due to pandemic operations halt

ABS-CBN News
Posted at Nov 10 07:54 PM

Difficult business environment amid quarantine and lockdowns dragged Solaire resort operator Bloomberry Resorts Corp to a net loss of P2.5 billion in the third quarter, the firm said on Tuesday. Read more »

Japan Airlines forecasts over $2.3 billion annual net loss

Agence France-Presse
Posted at Oct 30 06:24 PM

Japan Airlines said Friday it had forecast an annual net loss of more than $2.3 billion after the coronavirus pandemic grounded air travel around the world. Read more »

ABS-CBN focusing on ‘core capabilities’ despite ‘difficult journey’ ahead: CEO

Jessica Fenol, ABS-CBN News
Posted at Sep 24 11:03 AM

ABS-CBN Corp. is committed to finding new ways to serve Filipinos by focusing on "core capabilities” despite the denial of its franchise, said president and CEO Carlo Katigbak on Thursday as the company hopes to emerge from the crisis "better, stronger and more successful."   Read more »

7-Eleven says using 'data-based steps' to reach consumers, stays 'cautiously optimistic'

ABS-CBN News
Posted at Aug 14 12:08 PM

Philippine Seven, operator of 7-Eleven in the country, said Friday it remains "cautiously optimistic" despite the pandemic as it prepares data-based steps to reach consumers. Read more »

Cebu Pacific net loss widens in H1 due to pandemic

ABS-CBN News
Posted at Aug 13 10:29 AM

Cebu Pacific Air said Wednesday it remains "resilient" despite the adverse impact of the COVID-19 pandemic after its net loss for the first half reached over 200 percent. Read more »

Jollibee incurs P10 billion net loss in Q2 as pandemic bites

ABS-CBN News
Updated as of Aug 05 12:09 PM

Jollibee Foods Corp said Wednesday it incurred a net loss of P10.2 billion for the second quarter as system wide sales fall as the global population shelters from the coronavirus pandemic.   Read more »

Japan's ANA logs record quarterly $1 billion loss on pandemic

Agence France-Presse
Posted at Jul 29 05:08 PM

Japanese airline ANA Holdings said Wednesday it saw a record quarterly loss worth one billion dollars as the coronavirus continues to hammer the global aviation industry with no clear end in sight. Read more »

Mitsubishi Motors expects biggest loss in 16 years amid pandemic

Kyodo News
Posted at Jul 28 02:38 AM

Mitsubishi Motors Corp. said Monday it is expecting a group net loss of 360 billion yen ($3.4 billion) for the current business year through March, its biggest loss in 16 years, due to slowing global sales following the novel coronavirus pandemic. Read more »

Max's Group freezes rollout of new stores as lockdown losses bite

ABS-CBN News
Posted at Jun 10 09:16 AM

Max's Group said Wednesday it put on hold roll-out plans for new stores this year due to losses from the coronavirus lockdown. Read more »

Jollibee posts net loss in Q1 due to coronavirus, sees 'slow' recovery

ABS-CBN News
Posted at May 28 08:58 AM

Jollibee said Thursday it suffered nearly P1.8 billion in losses in the first 3 months of the year due to the COVID-19 pandemic, which are expected to widen in the second quarter as the full effect of global lockdowns is reflected. Read more »

Petron suffers P4.9 billion net loss as pandemic lockdowns sap demand

ABS-CBN News
Updated as of Jun 05 05:01 PM

Petron Corp said it suffered a net loss of P4.9 billion in the first 3 months of the year, as the COVID-19 pandemic and resulting global lockdowns sapped demand and caused crude prices to plummet. Read more »

COA worried about PhilHealth sustainability over P4.75-billion net loss

Adrian Ayalin, ABS-CBN News
Posted at Jul 26 06:59 PM

MANILA - The Commission on Audit (COA) has raised concerns over the sustainability of funds of the Philippine Health Insurance Corporation (PhilHealth) after the agency posted a net loss of P4.75 billion in 2017. Read more »