PAL Holdings reports USD128m operating loss in nine months to Dec-2013

PAL Holdings reports (16-Apr-2014) the following financial highlights for nine months ended 31-Dec-2013:

• Revenue: PHP55,984 million (USD1302 million);
• • Passenger: PHP45,401 million (USD1056 million);
  • Cargo: PHP4708 million (USD109.5 million);
• Costs: PHP61,496 million (USD1430 million);
• • Fuel: PHP24,257 million (USD564.0 million);
• Operating profit (loss): (PHP5512 million) (USD128.2 million);
• Net profit (loss): (PHP11,648 million) (USD270.8 million);
• Total assets: PHP114,009 million (USD2651 million);
• Cash and cash equivalents: PHP12,782 million (USD297.2 million);
• Total liabilities: PHP111,117 million (USD2584 million). [more - original PR]

*Based on the average conversion rate at USD1 = PHP43.0073