Philippine Airlines' fourth quarter loss takes shine off positive year
Philippine Airlines announced (29-Jul-08) a net profit of USD30.6 million for the 12 months ended 31-Mar-08, a decline of USD99.9 million decline from the previous fiscal year’s income of USD130.5 million, which was boosted by the inclusion of extraordinary gains a year ago. [614 words]
Unlock the following content in this report:
- Fourth quarter loss as fuel and other costs surge
- Targeting 8-10% revenue growth - slower capacity and slimmer margins ahead
- Cash-intensive investments continue
Graphs and data:
- Philippine Airlines international passenger growth vs passenger load factor: Apr-07 to Apr-08
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