PAL Holdings posts P7.16-B H1 income

By Ed Paolo Salting

Aug 10, 2024 12:16 am

PAL Holdings Inc. (PHI) on Friday reported a net income of P7.16 billion for the first half, a decline of 48.1 percent from P13.80 billion a year earlier, due to higher expenses incurred from more flights.

Revenues grew to P90.92 billion, an increase of around 4 percent than last year's same period total of P87.45 billion, due to more passengers and ancillary earnings.

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