PAL likely to end 2024 with lower earningsMANILA, Philippines — Flag carrier Philippine Airlines (PAL) is expected to finish 2024 with lower profit following last year’s record financial performance. “Definitely it will be lower than last year,” PAL president and chief operating officer Stanley Ng said when asked if the company would be able to end the year with a higher profit. In 2023, PAL registered a net income of P21 billion, the highest in its history, excluding any one-off restructuring benefits. From January to September, however, PAL has generated a net income of P8 billion, with third quarter earnings amounting to P812 million. PAL was able to carry 11.7 million passengers during the first three quarters, up six percent year-on-year, generating P134 billion in revenues.

Source: Philippine Star November 24, 2024 22:13 UTC