Philippine Airlines (PAL) has reported $22 million in net income for the third quarter of 2025, up 62% over the same period last year.
The flag carrier’s total revenue came in at $755 million, up 3%, and passenger revenue came in at $632 million, up 1%. The airline carried 3.8 million passengers during the quarter.
Cargo revenue grew 2% to $42 million thanks to higher volume, while ancillary income jumped 25%, driven by seat upgrades and baggage fees.
Operating costs climbed 2% to $719 million, due to higher airport and third-party contract charges and depreciation.
EBITDA grew 28% to $140 million, with margins at 19%.
For the first nine months of 2025, the airline reported a net income of $159 million, up 17% from a year earlier.
Capital expenditures increased from $256 million in the first nine months of 2024 to $308 million in the first nine months of 2025.
The airline said its ongoing fleet modernisation is a “cornerstone” of its ongoing transformation.
PAL has begun rolling out refurbished A321ceo aircraft fitted with in-flight entertainment screens across all cabins, to be deployed on routes to Tokyo, Osaka, Jakarta, Bali, and Guam by year-end.
The airline ended the third quarter with a fleet of 88 aircraft, of which 11 are owned and 77 are leased.