PAL Holdings falls into the red in 3QFY2012

PAL Holdings revenue down 5% - financial highlights for three months ended 31-Dec-2011 (according to Philippine Financial Reporting Standards):

• Revenue: USD394.1 million, -5.2% year-on-year;
• Costs: USD428.2 million, +7.1%;
• Profit (loss) before tax: (USD34.1 million), compared to a profit of USD15.6 million in p-c-p;
• Net profit (loss): (USD28.9 million) compared to a profit of USD13.2 million in p-c-p;
• Total assets: USD1732 million, +1.7% when compared to period ended 31-Mar-2011;
• Cash and cash equivalents and AFS investments: USD72.4 million, -32.1% when compared to period ended 31-Mar-2011;
• Total liabilities: USD1691 million, +7.2% when compared to period ended 31-Mar-2011. [more - original PR]

*Based on the conversion rate at USD1 = PHP42.59