Philippine Airlines posts first half profit
Wednesday, 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 StoryRelated News Stories:
Learn more about : Philippine Airlines ( United Kingdom ) Philippine Airlines ( N. America ) Philippine Airlines ( Asia Pecific )
Have your say Cancel reply
Most Read
TRAINING & COMPETITION
Foreign Office issues travel advisory for winter sun destinations
Thomas Cook acquired by Poland based eSky Group
Flight attendant assaulted in Heathrow hotel room during layover
Maui tourism revenue down $1 billion, a year after wildfires
Cruise ship hot tub health warning issued