PAL revenue up 33% in 2QFY2011, remains 'cautiously optimistic'
Philippine Airlines revenue up 33% - financial highlights for the three months ended 30-Sep-2010:
- Revenue: USD399.5 million, +33% year-on-year;
- Passenger: +26%;
- Cargo: +57%;
- Total costs: 371.2 million, +7%;
- Profit: USD28.2 million, n/a. [more]
Philippine Airlines President Jaime Bautista stated he remains “cautiously optimistic” about the airline’s growth prospects.
Philippine Airlines: "The global airline industry remains vulnerable to volatile market conditions. Take fuel, for example. If the upward trend continues, it could wipe out all our recent gains," Jaime Bautista, President. Source: PAL, 20-Nov-2010.