PAL profits in first 6 mos

PHILIPPINE Airlines Holdings Inc. (PAL) posted an operating income of P6.6 billion and net comprehensive income of P4.2 billion for the first half of 2022. This is the first time the financially ailing airline recorded a profit for the same period since 2016.

PAL generated P58.1 billion in revenues, which is a record 258-percent increase in passenger revenues and 31-percent increase in cargo revenues for the first half of 2022, year on year.