Philippine Airlines posts first half profit

Monday, 07 Aug, 2022 0

Philippine Airlines posted a record first half profit with net income at $71 million. It generated revenue of $1.1 billion which representing a 258% jump, PAL Holdings said.

It marks the first profitable half-year result for the airline since well before the pandemic, in 2016.

Its operating expenses were nearly $1 billion including $380 million of ‘significantly higher fuel prices’ PAL said in its filing.

PAL not long ago exited Chapter 11 Bankruptcy in the US after restructuring and ssecuring fresh funding of $500 million.

Read Full Story

Related News Stories :   British Airways launches Aruba, Guyana flights     Wizz Air Istanbul flights take flight     Wizz Air adds third Saudi Arabia flight     EU transport chief steps down over free flights row     Airline complaints almost quadruple     Emirates, United activate airline codeshare partnership  

Learn more about :   Philippine Airlines ( United Kingdom )     Philippine Airlines ( N. America )     Philippine Airlines ( Asia Pecific )  


Ray Monty

Most Read

Sarah Doyle from Visit Phoenix

Michelle and Jalyssa of Visit Mesa

Alison Cryer, MBE of Representation Plus

Tracy Vaughan, SVP Global Trade Development at Visit Lauderdale

Marc Anderson CEO of Visit San Antonio speaks to Graham McKenzie in London about his city and IPW23

Graham McKenzie talks to Visit Florida’s CEO Dana Young at #huddle23

At #huddle23 in West Palm Beach we speak to Lauren Pace of Visit Florida

Jane Cunningham, Director of European Engagement Destinations International

Fred Bean, Founder and CEO of Hotelport

Kent Anderson of Kirk Mountain Adventures

The essence of Atlantic Canada

Elliot Ferguson of Destination DC

Price Based Country test mode enabled for testing United States (US). You should do tests on private browsing mode. Browse in private with Firefox, Chrome and Safari