PAL spending P75 billion this year to support growth

], both domestic airlines have pledged to spend a great deal of money to expand networks, buy new planes, and service existing planes. CEB said that it will spend around P50 billion in what it called “mostly aircraft-related capex” which will include the purchase of 16 new planes, to be funded through internally generated funds. CEB expects to grow its capacity by 5% to 8% this year.

Philippine Airlines reported a FY23 net income of P21.2 billion, up 105.5% from its FY22 net income of P10.4 billion....Philstar.com is one of the most vibrant, opinionated, discerning communities of readers on cyberspace. With your meaningful insights, help shape the stories that can shape the country. Sign up now!

Source: News Formal (newsformal.com)

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