- Revenue: USD1,360 million, -15.0% year-on-year;
- Total costs: USD1,350 million, -27.4%;
- Profit (loss): (USD14.3 million), compared to a loss of USD297.8 million in p-c-p.
PAL attributes the loss to continuing weak demand, particularly in the international market. PAL stated it will continue to introduce revenue enhancement programmes, cash generating strategies and cost control initiatives, including the proposed outsourcing of three of its non-core units.