Stanley Ng assumes PAL president role, company returns to profit

Stanley Ng has officially assumed his role as the president and chief operating officer of Philippine Airlines (PAL), four months after his initial appointment.

Ng, a pilot and son-in-law of tycoon Lucio Tan, received his mandate during PAL's annual stockholders' meeting where new directors were also elected.

He expressed his commitment to serve the flying public with passion and dedication as the nation's flag carrier.

Under Ng's leadership, PAL has shown signs of recovery, returning to profitability in the first quarter with a P1.7 billion operating income, a significant turnaround from the previous year's P5.3 billion loss.

This positive financial performance was attributed to improved passenger and cargo operations, further boosted by the easing of mobility restrictions.

The airline has also expanded its domestic and international flight offerings, with early indications of positive results in the first two months of the second quarter.

Shiela Tan-Pascual, Vivienne Tan, Jerome Tan, and David Uy Ong were elected as new members of the PAL board of directors.