Philippine Airlines revenue up 30.2%, net profit down 11% in 1QFY2011

Philippine Airlines revenue up 30.2% - financial highlights for the three months ended 30-Jun-2010:

• Revenue: USD426.7 million, +30.2% year-on-year;
• Total costs: USD391.6 million, +37.2%;
• Net profit: USD31.6 million, -11%. [more]

Philippine Airlines: "While the aviation industry is showing signs of slow recovery, PAL remains focused on continuing efforts to generate more revenues and control costs. Moving forward, PAL must swallow bitter pills and handle its labour issues with utmost care to survive amidst the difficult and cut-throat operating environment," Jaime Bautista, President and COO. Source: Philippine Airlines, 20-Aug-2010.