News
PAL HOLDINGS booked 20% first quarter profit increase
April 29th 2025
PAL HOLDINGS INC, parent company of Philippine Airlines (PAL), has reported a net profit of 4.3 billion peso (US$77 million) for the three months to March 31 up from a 3.6 billion peso net profit in the same months in 2024. Read More » Revenue increased 2.5%, to 47 billion peso, PAL said. We are greatly encouraged by the support of our valued customers who choose to fly on the Philippine Airlines global network and for whom we are investing in progressive product and service improvements, fleet renewal and digital innovations, with safety and reliability our topmost concerns,” PAL chief operating officer, Captain Stanley Ng, said. The quarterly financial results included recognition of credits issued to PAL by a vendor as special support compensation for aircraft grounded in 2023 and 2024.
