Books $2.9 Million Net Revenue16 April 2015
by Maricel Burgonio
The Philippine Airlines (PAL) said it swung to a profit in 2014 from a net loss in 2013 due to higher passenger revenues.
In a report to the Philippine Stock Exchange, PAL Holdings said PAL reported a net income of P129.74 million last year, a turnaround from the P11.85 billion net loss in 2013.
Its total revenues increased 80 percent to P100.95 billion due to higher passenger and cargo revenues.
PAL said its passenger revenues posted P81.75 billion in 2014. It flew higher passengers to 9.6 million last year from 5 million in 2013.
Passenger revenues contributed the biggest share of 81 percent of the total revenues.
Cargo revenues, on the other hand, reported P7.84 billion.
PAL’s international route network covered 35 cities in 14 countries.
Its domestic network, meanwhile, covered 32 cities and towns in the Philippines.
Last year, PAL’s chairman and CEO Lucio Tan took back full control of national flag carrier after paying as much as $1.3 billion to diversified conglomerate San Miguel Corporation (SMC).
In a report to the Philippine Stock Exchange, PAL Holdings said PAL reported a net income of P129.74 million last year, a turnaround from the P11.85 billion net loss in 2013.
Its total revenues increased 80 percent to P100.95 billion due to higher passenger and cargo revenues.
PAL said its passenger revenues posted P81.75 billion in 2014. It flew higher passengers to 9.6 million last year from 5 million in 2013.
Passenger revenues contributed the biggest share of 81 percent of the total revenues.
Cargo revenues, on the other hand, reported P7.84 billion.
PAL’s international route network covered 35 cities in 14 countries.
Its domestic network, meanwhile, covered 32 cities and towns in the Philippines.
Last year, PAL’s chairman and CEO Lucio Tan took back full control of national flag carrier after paying as much as $1.3 billion to diversified conglomerate San Miguel Corporation (SMC).
Good for PAL. Now, let's hope that with the money they've made, they can improve their services.
ReplyDeleteI hope this is start of good turnaround..
DeleteNo latest trends yet? I never opened this website long time ago, but still this.
ReplyDelete