MANILA, Philippines — Flag carrier Philippine Airlines (PAL) reported a net income of $137 million for the first half of 2025, a 12 percent increase from the same period last year, buoyed by strong second-quarter results and continued recovery in passenger traffic.
In a disclosure on Thursday, PAL said it also logged an operating income of $146 million for the January to June period, having flown 8.47 million passengers on 57,598 flights, marking a year-on-year growth of 7 percent and 2 percent, respectively.
PAL said its on-time performance improved to 81.23 percent systemwide in the first six months, compared to 78.66 percent last year.
For the second quarter alone, PAL posted a $60 million net income, up 48 percent from a year ago, marking its 15th consecutive profitable quarter, which was primarily driven by higher passenger volumes despite softening international yields.
Total revenue for the April to June quarter reached $831 million, a 6 percent increase year-on-year, while operating income rose 10 percent to $71 million.
Earnings before interest, taxes, depreciation, and amortization (ebitda) stood at $167 million, reflecting an 18 percent increase and a 20 percent margin.
PAL carried 4.4 million passengers during the quarter on 29,584 flights, up 9 percent and 5 percent, respectively. Cargo revenues also improved by $2 million as the airline transported 51,200 tons, a 13 percent increase from the previous year.
Operating expenses rose 5 percent to $761 million, mainly due to higher airport and rental charges, third-party contracts, and depreciation. However, this was partially offset by an 11 percent decline in fuel expenses amid lower global prices.
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