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12-May-2016 10:13 AM

PAL Holdings reports three-digit operating profit growth in 2015

PAL Holdings revenue up 7% - financial highlights for 12 months ended 31-Dec-2015:

  • Revenue: PHP108,064 million (USD2375 million), +7.0% year-on-year;
    • Passenger: PHP90,084 million (USD1980 million), +10.2%;
    • Cargo: PHP7198 million (USD158.2 million), -8.2%;
  • Costs: PHP101,802 million (USD2238 million), +3.3%;
    • Fuel: PHP29,723 million (USD653.3 million), -23.4%;
    • Aircraft lease rentals: PHP15,345 million (USD337.3 million), +40.9%;
    • Aircraft and traffic servicing: PHP11,778 million (USD258.9 million), +7.7%;
  • Operating profit: PHP6262 million (USD137.6 million), +164%;
  • Net profit: PHP5870 million (USD129.0 million), +4425%;
  • Passenger numbers: 11.9 million;
  • Passenger load factor: 68.3%;
  • Cargo volume: 177,641 tonnes
  • Total assets: PHP114,406 million (USD2515 million);
  • Cash and cash equivalents: PHP7115 million (USD156.4 million);
  • Total liabilities: PHP104,266 million (USD292 million). [more - original PR]

*Based on the average conversion rate at HP1 = USD0.021979

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