Philippine Airlines net loss widens in 2QFY2012

Philippine Airlines reported the following preliminary financial highlights for three months ended 30-Sep-2011 (Manila Times, 19-Nov-2011):

• Revenue: USD420.4 million, +4.7% year-on-year;
• Costs: USD459.7 million, +22.6%;
  • Fuel: USD190.8 million, +33.9%;
• Net profit (loss): (USD39.4 million), compared to a loss of USD26.7 million in p-c-p.