The airline unit of the Gokongwei Group said this was a reversal of the P9.5-billion net loss it incurred in the same period last year.
“Additionally, for the six months ended June 30, 2023, most parts of the country continued to be under a more relaxed alert level classification, which enabled the group to resume to its regular pre-pandemic services,” it said. Cargo revenues amounted to P1.99 billion, down by 33 percent from P3.57 billion on lower cargo kilograms flown and lower yield from cargo services.
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