Philippine Airlines' fourth quarter loss takes shine off positive year

Philippine Airlines announced (29-Jul-08) a net profit of USD30.6 million for the 12 months ended 31-Mar-08, a decline of USD99.9 million decline from the previous fiscal year’s income of USD130.5 million, which was boosted by the inclusion of extraordinary gains a year ago. [614 words]

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This report contains the following subheadings:

• Fourth quarter loss as fuel and other costs surge
• Targeting 8-10% revenue growth - slower capacity and slimmer margins ahead
• Cash-intensive investments continue

This report contains the following charts and tables:

• Philippine Airlines international passenger growth vs passenger load factor: Apr-07 to Apr-08