SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Apr 3, 2024

2. SEC Identification Number

PW-94

3. BIR Tax Identification No.

000-707-922

4. Exact name of issuer as specified in its charter

PAL Holdings, Inc.

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

8th Floor, PNB Financial Center, President Diosdado Macapagal Ave., CCP Complex, Pasay City Postal Code 1307

8. Issuer's telephone number, including area code

(02) 8810-2451

9. Former name or former address, if changed since last report

Not Applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common	11,610,978,242

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PAL Holdings, Inc.PAL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure
Clarification of News Report

Source	PhilStar
Subject of News Report	"PAL spending $450 million in 2024”
Date of Publication	Apr 3, 2024

Clarification of News Report
3 April 2024 DISCLOSURE DEPARTMENT THE PHILIPPINE STOCK EXCHANGE, INC. Philippine Stock Exchange Plaza, PSE Tower, 5th Avenue corner 28th Street, Bonifacio Global City, Taguig City Attention: MS. ALEXANDRA D. TOM WONG Head, Disclosure Department Gentlemen: This refers to your letter dated 3 April 2024, seeking clarification of the news article entitled “PAL spending $450 million in 2024” posted in philSTAR.com today, which reported in part that: “MANILA, Philippines — Flag carrier Philippine Airlines (PAL) will spend as much as $450 million this year to strengthen its fleet and refurbish jets in preparation for its expansion to Seattle and, eventually, to Europe. PAL senior vice president and chief financial officer Anna Isabel Bengzon yesterday said PAL is allocating $450 million for capital expenditures in 2024, and plans to invest at least 80 percent of the amount for aircraft upgrades. . . . .” After due verification with Philippine Airlines (PAL), the Company confirms that PAL is allocating a total capex budget of $450 million for 2024, of which approximately 80% is aircraft related. We trust that we have clarified your query on the afore-quoted news article. Very truly yours, PAL HOLDINGS, INC. By: MA. CECILIA L. PESAYCO Corporate Secretary
Other Relevant Information
Please see attached files.