PAL Holdings reports USD26m operating loss in Jun-2013 quarter

PAL Holdings revenue down 11% - financial highlights for three months ended 30-Jun-2013:

• Revenue: PHP18,535 million (USD443.7 million), -10.8% year-on-year;
• • Passenger: PHP15,303 million (USD366.3 million), -12.9%;
  • Cargo: PHP1323 million (USD31.7 million), -3.1%;
• Costs: PHP19,616 million (USD469.5 million), -3.3%;
• • Fuel: PHP7768 million (USD185.9 million), -11.8%;
  • Repairs and maintenance: PHP2392 million (USD57.3 million), +15.3%;
• Operating profit (loss): (PHP1081 million) (USD25.9 million), compared to a profit of PHP494.6 million (USD11.8 million) in p-c-p;
• Net profit (loss): (PHP1062 million) (USD25.4 million), compared to a profit of PHP418.6 million (USD10.0 million) in p-c-p;
• Total assets: PHP114,952 million (USD2752 million);
• Cash and cash equivalents: PHP5409 million (USD129.5 million);
• Total liabilities: PHP10,360 million (USD248.0 million). [more - original PR]

*Based on the average conversion rate at USD1 = PHP41.7769