News
Philippine Airlines reports “solid first quarter 2026 results” marked by revenue and profitability growth
April 30th 2026
Philippine Airlines (PAL) reported that in the first quarter of 2026, its net income raised 2.6% year-on-year to US$78.55 million, and total revenues increased 9.7% to US$895.70 million. Read More » Performance was driven by sustained passenger demand, stronger cargo yields, and continued growth in ancillary revenues. Passenger revenues grew 8.7% to US$759.65 million as PAL carried 4.30 million passengers, up 6.1% year-on-year. Growth was supported by post-holiday travel demand and a resilient network. Capacity expanded in line with demand, with available seat kilometers (ASKs) increasing 7.2% and flights mounted rising 8.4%, PAL said. “Our first quarter results reflect both the strength of demand for Philippine travel and the disciplined execution of our team,” said Richard Nuttall, President of Philippine Airlines. “However, these results only partially reflect the impact of the escalation in the Middle East late in the quarter, which has introduced volatility in fuel prices and disrupted parts of the global aviation network. We are actively managing our network and costs to protect margins and liquidity. While near-term headwinds remain, we are confident in the strength of our fundamentals and are taking prudent steps to sustain our momentum.”
