Philippine Airlines, Inc., a subsidiary of PAL Holdings, has mandated Deutsche Bank and BNP Paribas to arrange investor meetings for a potential issuance of USD-denominated senior fixed rate notes. The issuance is subject to market conditions and is expected to be rated Ba2 by Moody's and BB by Fitch.
Philippine Airlines has been assigned a first-time 'BB' Long-Term Issuer Default Rating (IDR) with a Stable Outlook by Fitch Ratings. This rating reflects the airline's improved business profile and financial position, which is significant for its operational credibility and potential for future growth.
Philippine Airlines, a subsidiary of PAL Holdings, Inc., has appointed Edgar O. Chua and Datuk Captain Izham Ismail as Independent Directors, effective June 1, 2026. Their extensive experience in business leadership and aviation management is expected to enhance the board's expertise and support the company's strategic goals.
PAL Holdings, Inc. announced its Q1 2026 results, highlighting a net income of US$78.55 million, up 2.6% year-on-year, and total revenues of US$895.70 million, up 9.7%. The results reflect strong passenger demand and improved cargo revenues despite challenges from geopolitical tensions affecting the aviation sector.
PAL Holdings, Inc.'s subsidiary, Philippine Airlines, announced a net income of $160.4 million for 2025, reflecting a 6.1% increase year-on-year. This performance is significant as it demonstrates the airline's resilience in a challenging global aviation environment.
Philippine Airlines, a subsidiary of PAL Holdings, Inc., has been assigned a first-time Ba2 corporate family rating by Moody's, with a stable outlook. This rating reflects the airline's improved financial profile and market position following its restructuring.
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