18-Aug-2009 11:15 AM
Philippine Airlines' 2Q2009 revenue down 12%
- Revenue: USD394 million, -12% year-on-year;
- Costs: USD358.5 million, -11%;
- Net profit: USD35.5 million, -21.3%.
The carrier stated the decline in revenue was the result of a 25% reduction in passenger revenues to USD95 million, as passenger traffic and yield continued to decline.