- Philippine Airlines posted a net income of $41 million for the second quarter of 2024.
- For the first half of 2024, the airline’s net income totaled $122 million.
- First-half operating income was reported at $182 million.
- Total revenue for the first half of 2024 reached $1.6 billion.
- During the first half, Philippine Airlines carried a total of 7.9 million passengers.
- Capital expenditures for the first half amounted to $157 million, mostly allocated for aircraft purchases.
- Second-quarter revenue was down 4% year over year, amounting to $787 million, affected by yield pressures due to increased market capacity.
- Capital expenditures rose to $157 million, primarily for aircraft acquisitions, maintenance, and cabin upgrades.
- Philippine Airlines is continuing its transformative growth strategy, as highlighted by PAL Holdings President and COO, Lucio Tan III.
- Facing industry-wide challenges such as demand-capacity re-balancing and supply chain issues, Philippine Airlines is focused on disciplined investments to upgrade its fleet, according to President and COO Stanley Ng.
- Second-quarter operating income was $64 million, but higher costs due to increased flying and maintenance activities negatively impacted it.
- Passenger volume for the first half of 2024 increased by 13%, totaling 7.9 million passengers.
- PAL’s debt-to-equity ratio improved to 2.06x; total debt declined to $1.6 billion, while equity increased to $763 million.
A look at Pal Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Pal Holdings, Inc., a company specializing in air transportation services both locally and internationally, exhibits a mixed bag of Smart Scores. With a strong Growth score of 4 and Momentum at a high 5, the company shows promising signs of expansion and market performance. However, its Value and Resilience scores, standing at 2 each, suggest a need for a closer look at its financial stability and investment potential. The Dividend score of 1 indicates a lower focus on dividend payouts, appealing more to growth-oriented investors.
Despite the varied Smart Scores, Pal Holdings, Inc. appears to have substantial growth potential in the long term, supported by its robust growth and momentum indicators. Investors seeking capital appreciation might find the company attractive based on these scores. However, considerations around its value and resilience should be factored in for a more holistic investment decision. Pal Holdings‘ extensive route network and international presence offer strategic advantages, positioning it for further growth opportunities in the air transportation sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
