The Philippine Airlines (PAL) reported a 48 percent year-on-year increase in net income to $60 million in the second quarter of 2025, marking its 15th consecutive profitable quarter. The growth was driven primarily by a 9 percent rise in passenger volume to 4.4 million, despite pressures from softening international yields.
Total revenue rose 6 percent to US$831 million, while operating income climbed 10 percent to US$71 million. Operating expenses increased by 5 percent to US$761 million, mainly due to higher airport and rental charges, as well as contract and depreciation costs. However, fuel expenses dropped 11 percent due to lower global prices.
PAL operated 29,584 flights in Q2, up 5 percent from the previous year, and carried 51,200 tons of cargo, generating US$2 million more in revenue. For the first half of 2025, the airline posted a net income of US$137 million, a 12 percent increase, and an operating income of US$146 million.
From January to June, PAL flew 8.47 million passengers (+7 percent) across 57,598 flights (+2 percent). Its on-time performance improved to 81.23 percent, earning recognition from Cirium as the most punctual airline in the Asia-Pacific region in April 2025.
Looking ahead, PAL is preparing to modernize its fleet with 22 new aircraft, starting with the delivery of its first Airbus A350-1000 by year-end. Additional deliveries include eight more A350-1000s, 13 A321neos from 2026 onwards, and 18 retrofitted A321ceos with upgraded cabins and Wi-Fi, beginning in October.
