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Philippine Airlines' fourth quarter loss takes shine off positive year


Philippine Airlines announced (29-Jul-08) a net profit of USD30.6 million for the 12 months ended 31-Mar-08, a decline of USD99.9 million decline from the previous fiscal year’s income of USD130.5 million, which was boosted by the inclusion of extraordinary gains a year ago. [614 words]

Unlock the following content in this report:


  • Fourth quarter loss as fuel and other costs surge
  • Targeting 8-10% revenue growth - slower capacity and slimmer margins ahead
  • Cash-intensive investments continue

Graphs and data:

  • Philippine Airlines international passenger growth vs passenger load factor: Apr-07 to Apr-08
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