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Philippine Airlines’ net income for the third quarter 2025 soared 62% to US$22 million year-on-year
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Revenue rose 3% to $755 million, supported by an increase in flight operations and steady passenger volume of 3.8 million
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Cargo revenues grew 2% to $42 million mainly driven by higher volume
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From January to September, the airline’s comprehensive income jumped 17.8% to P10.14 billion year-on-year
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Consolidated revenues advanced 2.69% to P136.01 billion due to the significant increase in cargo and ancillary revenues
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Capital expenditures increased to $308 million in the first nine months from $265 million in the same period last year
Philippine Airlines’ (PAL) net income for the third quarter 2025 soared 62% year-over-year to US$22 million, the airline said in a statement.
Supported by an increase in flight operations and steady passenger volume of 3.8 million, total revenue for the three-month period rose 3% to $755 million.
Passenger revenues inched up 1% to $632 million while ancillary income jumped 25% year-on-year, buoyed by seat upgrades and baggage fees.
Cargo revenues grew by 2% to $42 million during the quarter mainly driven by higher volume.
Operating costs climbed 2% to $719 million, driven by higher airport and third-party contract charges and depreciation. Earnings before interest, tax, depreciation, and amortization grew by 28% to $140 million, with margins at 19%.
First nine months
From January to September, the airline’s total comprehensive income jumped 17.8% to P10.14 billion from P8.61 billion year-on-year, parent firm PAL Holdings, Inc. reported in a disclosure to the Philippine Stock Exchange.
Net income for the period grew 17% to $159 million.
Capital expenditures increased to $308 million in the first nine months from $265 million in the same period last year.
Consolidated revenues rose 2.69% to P136.01 billion due to the significant increase in cargo and ancillary revenues compared with P132.45 billion in the same period last year.
Passenger revenues rose 0.78% year-on-year to P116.56 billion, mainly attributed to an increase in PAL’s loyalty program, Mabuhay Miles, related revenues, other pax and ancillary revenues driven by an increase in the volume of ticket sales.
Cargo revenues increased 3.7% to P6.71 billion from last year’s P6.47 billion, primarily due to higher cargo volumes handled during the period.
Ancillary revenues likewise grew 23.69% to P12.67 billion, driven by prior period revenue adjustments and higher demand for seat upgrades.
Mabuhay Miles drove significant flight redemptions in August with its Great Mabuhay Miles Getaway promo. As of September 30, 2025, active membership of Mabuhay Miles increased by 15% compared to last year.
Operationally, PAL said it strengthened its regional standing, clinching the top on-time performance (OTP) ranking among Asia-Pacific carriers for the third consecutive month – from August to October this year – according to Cirium data. The airline also received a four-star major rating from Airline Passenger Experience Association or APEX Four™ Star, which is an airline rating program based on certified passenger feedback.
READ: PAL tagged Asia Pacific’s most punctual airline in Aug 2025
“These accolades enhance PAL’s position as the nation’s flag carrier, affirming its reputation for reliability, customer service, and operational excellence,” PAL president Richard Nuttall said.
“As we move forward with our strategic and long-term initiatives, we remain focused on delivering value to stakeholders, strengthening our financial position, elevating the passenger experience, and ensuring the highest standards of safety in all our operations,” he added.
READ: Southwest Airlines, PAL alliance opens links to US gateways
For the carrier’s ongoing fleet modernization, PAL has begun rolling out refurbished Airbus A321ceo aircraft fitted with in-flight entertainment screens across all cabins, to be deployed on routes to Tokyo, Osaka, Jakarta, Bali, and Guam by year-end.
