PAL H1 profit up on strong demand

Philippine Airlines (PAL) reported a net income of $137 million in the first half of the year, up 12 percent from a year ago, supported by strong passenger volumes and improved operational efficiency.

In a stock exchange report on Thursday, the company said operating income for the January to June period reached $146 million.

The flag carrier said it operated 57,598 flights and flew 8.47 million passengers in the first six months, increasing by 2 percent and 7 percent respectively from the previous year.

“As we pursue strong financial results, we remain committed to earning the trust of our valued customers through excellence, service quality, and true Filipino hospitality on every PAL journey,” PAL President Richard Nuttall said.

“To sustain our momentum in this dynamic operating environment, we will continue to focus on generating healthy revenues, maintaining financial discipline, sustaining operational integrity and providing the kind of exemplary travel experience that our customers deserve.”

For the second quarter alone, PAL posted a net income of $60 million, up 48 percent year-on-year, and generated $831 million in total revenues, a 6 percent increase.

Operating income for the quarter stood at $71 million, up 10 percent from the same period in 2024.

To support future growth, PAL is preparing to introduce 22 new aircraft, starting with its first Airbus A350-1000 before the end of 2025. Eight more A350-1000s and 13 A321neo aircraft are scheduled for delivery from 2026 onward. 

The airline is also expecting the first of 18 retrofitted Airbus A321ceo jets with upgraded cabins, in-flight entertainment systems, and Wi-Fi connectivity in October.