Sunday 21 July
PAL defers lIndia route launch on escalating border tensions Apr 14, 2019 @ 18:57

PAL Holdings trims net loss to P2.8B


The parent firm of Philippine Airlines pared its loss by 38.3% to P2.8 billion, largely due to higher revenues.

Consolidated revenues rose 16.2% to P150.4 billion as the number of passengers and flights operated increased.

Passenger revenues amounted to P128.4 billion or 85.4% of the total. PAL operated 112,072 flights last year versus 103,362 flights in 2017.

Cargo revenues grew 21.7 percent to P10.21 billion due to higher volume and yields.

Total expenses continued to rise by 17.8 percent to P155.7 billion, mainly due to the escalation in jet fuel prices from an average of $ 75.59 per barrel i to $ 94.38 per barrel in 2018.

Please follow and like us:

Tags: , , , ,

Related Stories
Lucio Tan-led Philippine Airlines will scale down its operations as part of its plan to
The parent firm of flag carrier Philippine Airlines (PAL) is considering undertaking a follow-on offering
Flag carrier Philippine Airlines (PAL) and All Nippon Airways (ANA) will look to expand their
Japan’s largest airline group ANA Holdings expects to close its deal with tycoon Lucio Tan’s


Trending News

Copyright © 2019 Bilyonaryo - Latest news on the richest Filipinos and Family Business.