Philippine Airlines (PAL) reported a net loss of $25.1 million in the first half of 2026, compared to a $136.7 million profit a year earlier.
Total revenue rose 5.9% to $1.746 billion, driven by higher passenger yields and stronger cargo performance.
Fuel expenses jumped 48.2% year-on-year to $674.5 million, making up 39.2% of operating costs.
The airline placed its second Airbus A350-1000 into service in May 2026, deploying it on New York (JFK (JFK)), Toronto (YYZ (YYZ)), and San Francisco (SFO (SFO)) routes.
PAL announced plans to order up to 20 Boeing 787-10 aircraft and up to 14 Airbus A350-1000 aircraft, with deliveries expected between 2031 and 2036.
To strengthen its balance sheet, the airline issued $350 million in five-year notes.
