PAL to acquire new turboprops

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By admin July 25, 2016 10:25

PAL to acquire new turboprops

Philippine Airlines has indicated its plans to acquire new turboprop aircraft to replace old aircraft. The airline currently owns four Bombardier DHC 8-300 aircraft and five Bombardier DHC 8-400 aircraft, which it dry leased to PAL Express.

PAL posted a net income of P2.71 billion in the three months to March 2016, which is a decreased of 28% compared to the year ago period. Revenue rose 4.1% to P29.12 billion from last year’s P27.98 billion.

Passenger revenues rose to P24.65 billion in the first quarter from P23.09 billion in the same period last year. Cargo revenues fell 31% to P1.47 billion from P2.14 billion. Costs rose 6.2 percent to P26.2 billion from P24.7 billion last year.

admin
By admin July 25, 2016 10:25