PAL to expand fleet after 'record' net income

By Brix Lelis

Aug 12, 2023 12:26 am

PHILIPPINE Airlines (PAL) said Friday it would deepen its investment in fleet expansion and service enhancements after posting a record net income of P13.6 billion and operating income of P17.4 billion in the first half.

In a statement, the flag carrier said second-quarter revenues had climbed 27 percent to P45.6 billion, mostly on the back of higher passenger numbers. Operating income in the quarter soared 95 percent to P10 billion from P4.8 billion a year ago.

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