PAL Holdings reports USD100m operating loss in 2018

    PAL Holdings reported (12-Apr-2019) the following financial highlights for 2018:

    • Revenue: PHP150,439 million (USD2855 million), +16.2% year-on-year;
    • Costs: PHP155,680 million (USD2954 million), +17.8%;
      • Fuel: PHP52,282 million (USD992.0 million), +36.1%;
    • Operating profit (loss): (PHP5241 million) (USD99.5 million), compared to a loss of PHP2642 million in p-c-p;
    • Profit (loss) before tax: (PHP7430 million) (USD141.0 million), compared to a loss of PHP6464 million in p-c-p;
    • Net profit (loss): (PHP3708 million) (USD70.4 million), compared to a loss of PHP6467 million in p-c-p;
    • Total assets: PHP199,199 million (USD3780 million);
    • Cash and cash equivalents: PHP6982 million (USD132.5 million);
    • Total liabilities: PHP188,512 million (USD3577 million).