Philippine Airlines posted a profit of $30.6 million in its fiscal year ended March 31, down 76.6% from the $130.5 million earned in the previous 12 month period. Still, PAL called it a "noteworthy result in the escalating-fuel-price environment that has battered the aviation industry since last year." It is the restructured carrier's fourth consecutive full-year profit. Operating revenue rose 15% to $1.46 billion and expenses were up 14.9% to $1.37 billion. Operating profit increased 19.9% ...

Subscribe to Access this Entire Article

"Philippine reports fourth consecutive full-year profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.