Loading
22-Nov-2011 12:00 PM

Philippine Airlines' parent reports deep losses in 2QFY2012

Philippine Airlines' parent, PAL Holdings revenue down 1% – financial highlights for three months ended 30-Sep2-011 (according to Philippine Financial Reporting Standards):

  • Revenue: USD414.5 million, -1.3% year-on-year;
  • Costs: USD453.6 million, +15.7%;
  • Operating profit (loss): (USD39.0 million), compared to a profit of USD28.1 million in p-c-p;
  • Net profit (loss): (USD33.2 million), compared to a profit of USD19.5 million in p-c-p;
  • Total assets: USD1706 million, +1.8% compared to period ended 31-Mar-2011;
  • Cash and cash equivalents and available for sale investments: USD73.5 million, -29.9% compared to period ended 31-Mar-2011;
  • Total liabilities: USD1632 million, +5.2% compared to period ended 31-Mar-2011. [more – original PR]

*Based on the conversion rate at USD1 = PHP43.31

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More