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PAL Holdings loss narrows in 2QFY2013

16-Nov-2012 10:03 AM

PAL Holdings revenue up 1% – financial highlights for three months ended 30-Sep-2012:

  • Revenue: PHP18,074 million (USD431.3 million), +0.7% year-on-year;
    • Passenger: PHP15,052 million (USD359.2 million), -1.1%;
    • Cargo: PHP1352 million (USD32.3 million), +2.0%;
  • Costs: PHP18,683 million (USD445.8 million), -4.9%;
  • Net profit (loss): (PHP515.4 million) (USD12.3 million), compared to a loss of PHP1432 million (USD34.2 million) in p-c-p;
  • Total assets: PHP84,464 million (USD2015 million), +17.7% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents & AFS investments: PHP4406 million (USD105.1 million), +47.8% when compared to period ended 31-Dec-2011;
  • Total liabilities: PHP66,911 million (USD1597 million), -5.5% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = PHP41.9093