PAL nets ₱9.9B on strong travel demand

Flag carrier Philippine Airlines (PAL) reported a 22-percent growth in net income to over ₱9 billion for the January-to-September period, as robust demand for its core services offset higher operating costs.

- BY DEXTER BARRO II

In a public disclosure, PAL's parent company, PAL Holdings Inc., said its net income reached ₱9.88 billion in the first nine months, surpassing the ₱8.08 billion in the same period in 2024.

Revenues during the nine-month period stood at ₱136.01 billion, three-percent higher than last year's ₱132.45 billion.

The Lucio Tan-led airline attributed the stronger performance so far this year to a "significant increase in cargo and ancillary revenues."

By the end of September, PAL reported that its cargo revenues inched up from ₱6.47 billion to ₱6.71 billion, primarily driven by higher cargo volume.