Lucio Tan-backed Philippine Airlines stays aloft with $22-M Q3 profit in lean travel season

November 11, 2025
9:43AM PHT

Philippine Airlines (PAL), the country’s flag carrier backed by taipan Lucio Tan, booked a $22 million profit in the seasonally weak third quarter, up 62 percent year-on-year.

Total revenue rose 3 percent to $755 million, lifted by 3.8 million passengers, higher cargo volume, and a 25 percent jump in ancillary income from seat upgrades and baggage fees. 

Passenger revenues edged up 1 percent to $632 million, while cargo income increased 2 percent to $42 million as shipment volumes grew. Operating costs inched up 2 percent to $719 million, but ebitda climbed 28 percent to $140 million, expanding margins to 19 percent.

PAL gains in the first nine months of 2025 

For the first nine months of 2025, PAL reported a $159 million profit, up 17 percent from a year earlier, supported by solid flight operations and tighter expense management. 

The flag carrier also ranked first in on-time performance among Asia-Pacific peers for three straight months, underscoring its operational recovery. 

It further secured a 4-star rating from the Airline Passenger Experience Association (APEX) for service excellence. 

Fleet modernization remains central to its transformation, with refurbished A321ceo aircraft now flying to key regional routes including Tokyo, Osaka, Jakarta, Bali, and Guam.

—Edited by Miguel R. Camus 

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