We study the prize-collecting version of the Node-weighted Steiner Tree
problem (NWPCST) restricted to planar graphs. We give a new primal-dual
Lagrangian-multiplier-preserving (LMP) 3-approximation algorithm for planar
NWPCST. We then show a (2.88+ϵ)-approximation which establishes a
new best approximation guarantee for planar NWPCST. This is done by combining
our LMP algorithm with a threshold rounding technique and utilizing the
2.4-approximation of Berman and Yaroslavtsev for the version without penalties.
We also give a primal-dual 4-approximation algorithm for the more general
forest version using techniques introduced by Hajiaghay and Jain