PAL Holdings net loss narrows in nine months to Dec-2012

PAL Holdings revenue up 2% - financial highlights for nine months ended 31-Dec-2012:

• Total revenue: PHP55,685 million (USD1327 million), +2.4% year-on-year;
  • Passenger: PHP46,799 million (USD1116 million), +1.6%;
  • Cargo: PHP4140 million (USD98.7 million), +4.0%;
• Total costs: PHP58,428 million (USD1393 million), +0.8%;
  • Fuel: PHP23,989 million (USD571.8 million), -3.5%;
  • Repairs and maintenance: PHP6735 million (USD160.5 million), +19.2%;
  • Crew and staff costs: PHP4449 million (USD106.1 million), -11.2%;
• Net profit (loss): (PHP2323 million) (USD55.4 million), compared to a loss of PHP3046 million (USD72.6 million) in p-c-p;
• Total assets: PHP95,371 million (USD2273 million), +32.9% when compared to period ended 31-Mar-2012;
• Cash and cash equivalents % AFS investments: PHP4204 million (USD100.2 million), +41.0% when compared to period ended 31-Mar-2012;
• Total liabilities: PHP80,871 million) (USD1928 million), +14.3% when compared to period ended 31-Mar-2012. [more - original PR]

*Based on the average conversion rate at USD1 = PHP41.9509