Finance
Discover the latest financial news in the aviation industry, including quarterly and annual reports, earnings updates, and financial performance of airlines.
Cebu Pacific reports strong revenue growth in Q2 2023
Low-cost carrier Cebu Pacific Air (CEB) reported a total revenue of P22.7 billion for the second quarter of 2023, a 62% increase from...
PAL reports positive Q1 2023 financial performance
Philippine Airlines (PAL) has reported an operating income of PHP 7.4 billion ($135.2m) and total comprehensive income of PHP 5.9 billion ($108.2m) in...
Cebu Pacific reports P1.1 billion net profit in Q1
Cebu Pacific Air (CEB) has reported a net profit of P1.1 billion for the first quarter, bouncing back from a net loss of...
PAL marks net profits for 2022, commits to improve services and sustain global links
Philippine Airlines (PAL) ended 2022 on a high note, reporting an operating income of USD 297.2 million and a total comprehensive income of...
Cebu Pacific generates P56.8 billion revenues for 2022, up 261% from year-ago
Cebu Pacific, the Philippines’ leading carrier, recorded a 261% increase in revenues to P56.8 billion in 2022 from the previous year. Passenger business...
PAL posts record profits for 1st half 2022 as recovery rolls on
Philippine Airlines, Inc. (PAL) registered an operating income of US$ 125 Million (PHP 6.6 Billion) and net comprehensive income of US$ 71 Million...
Cebu Pacific Q1 revenue jumps 148% to P6.71-billion from year-ago
Cebu Pacific, the Philippines’ leading carrier, faced headwinds in January and February as COVID cases surged again due to Omicron. This led the...
Cebu Pacific reports P24.9-billion net loss in 2021
On Wednesday, Filipino low-cost carrier Cebu Pacific Air announced a net loss of Php 24.9 billion for full year 2021 amid last year’s...
PAL emerges from Chapter 11 bankruptcy
National flag carrier Philippine Airlines announced on New Year’s Eve that the airline has emerged from its voluntary Chapter 11 proceedings and is...
AirAsia Group gets approval for a MYR 500 million government-backed loan
As it continues to mount its recovery, Malaysia’s AirAsia Group announced it has received approval for a 80% guaranteed loan backed up by...
