Philippine Airlines (PAL) reported a 6.1 percent increase in net income to US$160.4 million in 2025, despite a difficult year for the global aviation industry.
The airline’s total revenues rose 3 percent to US$3.22 billion, driven mainly by its passenger business. Passenger revenues reached US$2.73 billion as PAL carried 16.3 million travelers, up 4.3 percent from 2024.
Flight capacity also grew, with available seat kilometers increasing by 3.3 percent. However, the passenger load factor slightly dipped to 78.7 percent from 79.1 percent the previous year.
Other revenue streams showed strong performance. Ancillary revenues, such as seat upgrades, jumped 24.9 percent to US$301.2 million, while cargo revenues rose 3.7 percent to US$165 million due to higher shipment volumes.
Operating expenses climbed 6.3 percent to nearly US$3 billion, mainly more flights, higher maintenance costs, and increased operating expenses in Manila.
PAL also continued upgrading its fleet, adding new aircraft and introducing its first Airbus A350-1000 in December 2025, making it the first airline in Southeast Asia to operate the model.
The airline said the results reflect its shift from post-pandemic recovery to long-term growth, while it continues to focus on improving efficiency, reliability, and customer experience heading into 2026.
