PHILIPPINE Airlines (PAL) reported a net income of US$60 million for the second quarter of 2025, up 48 percent from a year ago, driven by higher passenger volumes and solid cost management.
This marked the flag carrier’s 15th straight profitable quarter.
Revenues rose six percent year-on-year to $831 million, while operating income improved 10 percent to $71 million.
PAL carried 4.4 million passengers during the quarter, a nine percent increase, and operated 29,584 flights, five percent more than last year.
President Richard Nuttall said PAL remains focused on delivering strong results while enhancing customer service and maintaining operational discipline.
Cargo revenue rose by $2 million as freight volume grew 13 percent to 51,200 tons.
Operating expenses climbed five percent to $761 million due to higher airport fees, rentals and depreciation costs, though fuel expenses declined 11 percent on lower global oil prices.
PAL ended June with $455 million in cash, $3.8 billion in assets and reduced total debt of $1.39 billion, down from $1.57 billion a year earlier. First-half net income rose 12 percent to $137 million, with 8.47 million passengers flown on 57,598 flights.
The airline improved its on-time performance to 81.2 percent in the first half and was ranked the most punctual airline in Asia-Pacific by Cirium in April.
PAL is preparing to take delivery of 22 new aircraft, starting with its first Airbus A350-1000 later this year.
It expects additional A350s, A321neo regional jets and upgraded A321ceo aircraft with new cabins and in-flight connectivity from 2026 onward. / KOC