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Philippine Airlines’ total comprehensive income sank 22.5% to P3.975 billion in the first quarter of 2025 from P5.131 billion in the same period last year
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Revenues for the first quarter inched up 2.5% to P46.95 billion, primarily attributable to higher cargo and ancillary revenues
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Cargo revenues rose 6.3% while ancillary services revenues jumped 24% to P4.355 million
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Passenger revenues grew slightly by 0.4% to P40.53 billion due mainly to higher passenger volume although had lower passenger yield
Philippine Airlines (PAL) reported a 22.5% drop in total comprehensive income to P3.975 billion in the first quarter of 2025 from P5.131 billion in the same period last year.
Revenues for the first quarter inched up 2.5% to P46.95 billion from P45.80 billion, primarily attributable to higher cargo and ancillary revenues, the flag carrier said in a regulatory disclosure.
Passenger revenues grew slightly by 0.4% to P40.53 billion due mainly to higher passenger volume which improved from 3.86 million to 4.06 million. The higher passenger volume offset the impact of lower passenger yield during the period.
Cargo revenues increased 6.3% to P2.04 billion from P1.92 billion, thanks to higher rates, particularly in the Americas, Canada, Singapore, and Davao. PAL carried 52.6 million kilograms of cargo in the first quarter of the year.
Revenues from ancillary service soared 24% to P4.355 million from P3.506 million.
Consolidated operating expenses rose 8.25% to P42.29 billion in the first quarter, reflecting higher airport charges, third party contract costs and depreciation, offsetting lower fuel costs.
In a statement, PAL said capacity offerings remained steady for the first quarter, in the context of a calibrated multi-year expansion program.
The airline launched routes from Manila to Cauayan and from Cebu to Catarman this quarter. It also announced new routes from Cebu to Ho Chi Minh, and from Manila to Danang, commencing in May and July, respectively.
On top of positive earnings and leadership movements, PAL along with affiliate carrier PAL Express notched a recent safety milestone by respectively completing their International Air Transport Association (IATA) Operational Safety Audit (IOSA) Renewal Risk Based Audit, confirming the carriers’ conformance with the highest international aviation safety standards.
PAL said it completed 10 consecutive successful IATA audit renewals since its first IOSA registration in 2006 while PAL Express marked six successful IOSA renewals since its original registration in 2014.
PAL also recently announced the appointment of Richard Nuttall as its new president effective May 29, 2025.
