PAL Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 12:33 am EST
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PAL Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 40,402.97 million compared to PHP 14,118.14 million a year ago. Net income was PHP 3,209.22 million compared to net loss of PHP 5,277.21 million a year ago. Basic earnings per share from continuing operations was PHP 0.276 compared to basic loss per share from continuing operations of PHP 0.455 a year ago. Diluted earnings per share from continuing operations was PHP 0.276 compared to diluted loss per share from continuing operations of PHP 0.455 a year ago.
For the nine months, revenue was PHP 97,768.36 million compared to PHP 32,161.91 million a year ago. Net income was PHP 6,764.66 million compared to net loss of PHP 21,829.05 million a year ago. Basic earnings per share from continuing operations was PHP 0.583 compared to basic loss per share from continuing operations of PHP 1.88 a year ago. Diluted earnings per share from continuing operations was PHP 0.583 compared to diluted loss per share from continuing operations of PHP 1.88 a year ago.
PAL Holdings, Inc. is a Philippines-based holding company. The Company is primarily engaged in air transport of passengers and cargo within the Philippines and between the Philippines and several international destinations. The Company operates through its two major subsidiaries: Philippine Airlines, Inc. (PAL) and Air Philippines Corporation (APC). PAL is the national flag carrier of the Philippines, and its principal activity is to provide air transportation for passengers and cargo within and outside the Philippines. PAL route network covers approximately 64 overseas and domestic destinations. Its fleet consists of aircraft such as the Boeing 777 along with the Airbus A350 and A330 for long-haul routes and the A320/A321 family for regional and domestic routes. APC is primarily engaged in the business of air transportation for the carriage of passengers and cargo within and outside the Philippines. APC is doing business under the name and style of Philippine Airlines or PAL Express.
PAL HOLDINGS, INC. 
