PAL Holdings Inc., the parent company of flag carrier Philippine Airlines , posted a 30% decline in its earnings in the first half of 2024 because of higher expenditures related to its fleet expansion and increased operations.In a disclosure to the Philippine Stock Exchange on Friday, PAL Holdings reported a total comprehensive income of P9.5 billion, down from P13.5 billion in the same period last year.Total revenues stood at P90.9 billion, up 4% from P87.4 billion year-on-year.
The flag carrier said its expansion initiative is in line with the post-pandemic overall growth in air travel, as Ninoy Aquino International Airport has seen 13% growth in passenger volume.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: