Aviation / PAL nets P7.4 Billion in operating income for Q1 2023

FLAG carrier Philippine Airlines Inc. (PAL) registered an operating income of P7.4 billion, a substantial improvement from the P1.7 billion it logged in the same period in 2022.

It also reported a total comprehensive income of P5.9 billion for the first three months of this year, an improvement from P1.2 billion it recorded in the same period the previous year.

PAL said its positive financial performance reflects the continuing strength of the recovery of air travel.

In the first quarter this year, PAL reintroduced routes to several cities in mainland China and launched nonstop flights to Perth, while maintaining regular services to North America, the Middle East, Australia and various destinations around Asia and the Philippines. (PR)