Flag carrier Philippine Airlines’ losses had swollen 58.4% to P9.117 billion in the nine months of its fiscal year ending December 2013, from a P5.756 billion loss in fiscal year ending March 31, 2013.
Revenue declined 24.1% to P55.984 billion from P73.799 billion in the previous fiscal year, the airline said in a disclosure to the Philippine Stock Exchange.
For the nine months ended Dec. 31, PAL’s passenger operations generated revenue of P45.401 billion, contributing the biggest share of 81.1% of the total revenues.
Cargo revenue, which represented 8.4 % of the company’s total revenue, was P4.708 billion.
The listed airline carried 5 million passengers vis-a-vis 7.6 million for the previous one-year period, and carried 94.292 million kilograms of cargoes.
During the nine-month period, PAL carried an average of 18,219 passengers (6,709 domestic and 11,510 international) and 378 tons of cargo (162 tons domestic and 216 tons international) per day.
As of last December, PAL’s international route network covered 35 cities (including two under joint service/code share arrangements with other international carriers) in 16 countries.
The flag carrier flies to Guam, Honolulu, Los Angeles, San Francisco, Toronto, Vancouver, London, Abu Dhabi, Dammam, Riyadh, Brisbane, Darwin, Melbourne, Sydney, Fukuoka, Nagoya, Osaka, Tokyo, Pusan, Seoul, Hong Kong, Macau, Beijing, Canton, Shanghai, Xiamen, Taipei, Bangkok, Saigon, Singapore, Jakarta, Denpasar Bali, Kuala Lumpur, with two points under joint Bahrain, Dubai.
The airline introduced a five times a week service to London in November 2013 using its B777-300 following the lifting of the ban by the European Commission in July last year.
PAL’s domestic network covered 32 cities and towns in the Philippines, including 27 points under the joint service/codeshare arrangements with sister company, Air Philippines Corporation (PAL Express).
