Philippine Airlines Inc. posted a 62 percent year-over-year jump in third-quarter net income to USD22 million, signaling the flag carrier’s resilience amid ongoing strategic transformation that has started to drive volumes and passenger traffic higher.
Total revenue for the three months ended September 30, climbed 3 percent to USD755 million, fueled by higher flight operations and steady passenger traffic of 3.8 million. Passenger revenues increased 1 percent to USD632 million, while ancillary income surged 25 percent, driven by seat upgrades and baggage fees. Cargo revenue grew 2 percent to USD42 million on higher volumes.
PAL’s loyalty program, Mabuhay Miles, saw strong engagement with the August Great Mabuhay Miles Getaway promotion, while a renewed partnership with Philippine National Bank expanded its co-branded credit and debit card offerings. Active Mabuhay Miles membership rose 15 percent compared with last year.
Operating costs edged up 2 percent to USD719 million, mainly from higher airport and third-party charges. Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 28 percent to USD140 million, maintaining healthy margins of 19 percent.
Operationally, PAL ranked first in on-time performance among Asia-Pacific carriers for three consecutive months and earned a four-star major rating from the Airline Passenger Experience Association (APEX), cementing its reputation for reliability and service.
PAL continues fleet modernization with refurbished Airbus A321ceo aircraft featuring in-flight entertainment, to be deployed on key regional routes by year-end.
“For PAL, these results validate our transformation strategy and focus on stakeholder value, financial strength, and passenger experience,” said President Richard Nuttall. For the first nine months of 2025, PAL reported net income of USD159 million, up 17 percent from a year earlier, while capital expenditures rose to USD308 million.
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