News
Philippine Airlines returns to operating profit in latest fiscal year
April 4th 2023
Philippine Airlines (PAL) has booked an operating profit of US$297 million for the 12 months to last December 31 compared with an operating loss of US$98.1 million in the previous year. Read More » Consolidated revenue improved 112%, to US$2.6 billion, PAL said in a regulatory filing. “We are very grateful for the support of our customers. It enabled us to achieve this positive result in a challenging year,” PAL president and chief operating officer, Captain Stanley Ng, said. “Philippine Airlines continues to be on a journey of recovery and renewal. We will make good use of our resources to improve our services for the benefit of our valued customers. We are even more determined to upgrade our fleet, build more connections to key markets and offer improved products and services.”
