Philippine Airlines planes parked at the international airport of Manila. | Photo by TED ALJIBE / AFP
MANILA, Philippines — Philippine Airlines (PAL) reported a 5.9-percent revenue increase in the first half, despite rising jet fuel prices from the Middle East conflict negatively impacting its bottom line.
In a disclosure on Thursday, the Lucio Tan-led flag carrier said total revenues rose to $1.75 billion from $1.65 billion a year ago, driven by higher passenger yields, stronger cargo performance and growth in ancillary revenues.
READ: PAL maintained first-quarter profit despite Mideast woes
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