Philippine Airlines eyes the future after record profits

Philippines Airlines (PAL) has completed one of the more remarkable

turnarounds in Asia Pacific aviation in recent times. The carrier shut down

for 18 days during the Asian Financial Crisis, but less than a decade later,

has become one of the world's Top 20 most profitable carriers with a double-digit

net profit margin last year. PAL generated a record profit of USD140.3 million

in the 12 months ended 31-Mar-07 – a sixfold increase on the previous

year – and its third straight annual profit. The result was supported

by strong load factors of 76.8% (a 15-year high for the airline), as it added

capacity carefully in its streamlined network.

This CAPA Premium Analysis article is 389 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com