Philippine Airlines (PAL) has reported a remarkable 48% surge in its net income for the second quarter of 2025, reaching $60 million - a result driven by rising passenger numbers and disciplined cost management.

This marks the national flag carrier’s 15th consecutive profitable quarter, showcasing a streak of financial resilience in an industry often challenged by volatility.

Total revenues grew by 6% year-over-year to $831 million, while operating income rose by 10% to hit $71 million.

PAL carried 4.4 million passengers during the quarter, reflecting a 9% increase over the same period last year. It also operated 29,584 flights, up by 5%.

Company President Richard Nuttall affirmed that PAL remains committed to strong financial performance while continuously improving customer service and maintaining operational discipline.

In the cargo segment, revenue rose by $2 million, as freight volume jumped 13% to 51,200 tons.

Operating expenses edged up 5% to $761 million, mainly due to higher airport charges, rentals, and depreciation costs. However, fuel expenses dropped by 11%, thanks to lower global oil prices.

As of the end of June, PAL held $455 million in cash, with total assets of $3.8 billion, and successfully reduced its overall debt to $1.39 billion, down from $1.57 billion a year earlier.

In the first half of 2025, PAL posted a net income of $137 million, up 12%, having flown 8.47 million passengers across 57,598 flights.

Operationally, the airline enhanced its on-time performance to 81.2% during the first half - earning it the title of Asia-Pacific’s most punctual airline by aviation analytics firm Cirium in April.

Looking forward, PAL is preparing to expand its fleet with 22 new aircraft, beginning with the Airbus A350-1000 later this year.

Additional A350s, A321neo regional jets, and upgraded A321ceo aircraft featuring modern cabins and in-flight Wi-Fi connectivity are expected to follow starting in 2026.