MANILA — The Philippine Airlines (PAL) recorded a surging net income following strong passenger growth and sustained lower fuel prices.
The airlines reversed its three years of losses with a comprehensive net income of $20.4 million
This year, PAL saw its net income surge to $138 million, a figure that is not impossible to reach, according to chief operating officer, Jaime Bautista.
He said that it is not far-fetched given the higher passenger traffic.
PAL, meanwhile, aims to sustain the profit increase in the coming months.
“This is a big improvement from the 2014 performance. We will sustain this profitability “ he said.
“There are months that we are expecting losses. Traditionally, airlines lose money during these months. But we will try to minimize the loss,” he said.