PAL closes H1, 2023 with a net income of $250 million

Philippine Airlines reported a net income of P13.6 billion in the first half of 2023, an increase of 194% as compared to Q2, 2022 citing high passenger volumes. The airline booked a net income of 141 million in Q2, 2023 almost triple that of $47.9-million profit it earned in the same period last year. PAL’s net income in the first half of 2023 rose to $250 million, up 257% from $70 million a year ago. PAL’s Q2 revenues grew 27% to $820 million. The airline carried 4 million passengers, up 80% year-on-year; operated over 50,400 flights and logged an 81.6-percent