Philippine Airlines reported a 2.6 percent increase in net income to $78.77 million in the first quarter, driven by strong travel demand.
Total revenues rose 9.7 percent to $895.70 million from January to March compared to the same period last year. The airline said growth was supported by steady passenger demand, higher cargo earnings, and increased ancillary revenues.
Passenger revenue climbed 8.7 percent to $759.65 million, with 4.30 million travelers carried, up 6.1 percent year-on-year. The increase was fueled by post-holiday travel and stable route operations. Capacity also expanded, with more flights and available seats to match demand.
Cargo revenues jumped 22.5 percent to $43.21 million due to stronger yields and tight global airfreight capacity, especially in routes affected by disruptions in the Middle East. Ancillary revenues, which include add-on services, rose 11.2 percent to $83.56 million.
Operating profit reached $101.85 million as revenue growth outpaced expenses. Operating costs increased 7.1 percent to $793.85 million, mainly due to higher flight activity and fuel prices.
Airline president Richard Nuttall said the results reflect strong demand and efficient operations, but noted that rising tensions in the Middle East have started to impact fuel prices and global aviation.
He added that the airline is managing costs and adjusting operations to protect profits, while remaining confident in its long-term performance despite near-term challenges.
