Philippine Airlines posts $25.1M net loss in H1 2026 as fuel costs surge

Philippine Airlines (PAL) reported a significant financial setback, incurring a net loss of $25.1 million during the first half of 2026. This substantial deficit reflects ongoing challenges within the airline industry and was primarily driven by soaring fuel expenses. PAL’s operational results for this period demonstrated considerable strain due to these elevated costs. The company attributed its performance largely to increased expenditures related to jet fuel prices. Management is currently focused on implementing strategies aimed at mitigating future volatility in global energy markets and improving overall profitability.