PAL Nets P7.4B in Operating Income for Q1 2023

Flag carrier Philippine Airlines, Inc. (PAL) registered an operating income of US$ 135.2 Million (PHP 7.4 Billion) and total comprehensive income of US$ 108.2 Million (PHP 5.9 Billion) for the first quarter of 2023.

The US$ 135.2M operating income in Q1 2023 is a substantial improvement from the US$ 33.8 Million (PHP 1.7 Billion) logged by PAL in the first quarter of 2022. The positive financial performance reflects the continuing strength of the recovery of air travel. During Q1 2023, PAL re-introduced routes to several cities in mainland China and launched nonstop flights to Perth, while maintaining regular services to North America, the Middle East, Australia and vari- ous destinations around Asia and the Philippines.

The total comprehensive income of US$ 108.2M in Q1 2023 shows remarkable growth from last year’s first-quarter result of US$ 22.6 Million (PHP 1.2 Billion).

PAL generated US$ 776.9 M (PHP 42.6 B) in revenues for Q1 2023, a 66.5% improvement from Q1 2022 (US$ 466.6 M), driven by a 156.2% increase in the number of passengers carried on PAL’s global network. PAL carried 3.4 million passengers in the first quarter.

Operating expenses for the quarter increased by 48.3% to US$ 641.7 M (PHP 35.2 B), vs. the US$ 432.8 M incurred in Q1 2022. The rise in expenses reflected an increase in operated flights amid

BDO hopes that by finding online and offline ways to be present, its customers can find products and services that will simplify and enrich not just their banking experiences, but other aspects of their lives in the process. higher fuel prices.

“Once again, we thank our valued customers for their support and for the privilege of serving them during this time of recovery and renewal,” said Captain Stanley K. Ng, PAL President & Chief Operating Officer. “The stronger recovery brings transition challenges that impact our operations, and we commit to make productive use of our improving revenues to invest in fleet upgrades, product improvements, operational support and above all safety.”

PAL signed a memorandum of understanding to acquire nine (9) Airbus A350-1000 long-haul jetliners, the largest version of the A350 family of high-performance aircraft, to operate nonstop flights to the U.S. and Canada, and potentially to Europe.

Added Captain Ng: “We are acquiring additional aircraft so that we can serve our flying public better. For the long-term, we are ordering new long-range Airbus A350-1000 aircraft to operate our transpacific routes, offering our passengers a premium travel experience on the newest-generation aircraft to fly the Philippine skies.”

The Philippine flag carrier is the only airline operating nonstop services between the Philippines and North America, along with the largest network of flights and routes from the Philippines to Japan, the Middle East and Australia.

BRIGHT... FROM 2

a plant and process the abaca for the fiberglass material.

Cambaya said this is among the positive results during their attendance at the Tokyo Business Forum, which was part of the itinerary of their four-day travel to Japan on April 24 to 27, 2023 led by Mayor Sebastian “Baste” Duterte, to promote Davao to Japanese people as an exciting tourist destination and a feasible investment hub.

“We presented the services that we provided here to our investors,” he said.

The trip to Japan was initially planned for the signing of a sister city relationship between Davao City and Sennan City.

DCIPC collaborated with Sennan City, the Philippine Consulate

PEACE... FROM 2

Mayor, City Social Welfare and Development Office, City Health Office, City Legal Office, City Planning and Development Office, Lingap Para sa Mahirap, Educational Benefit System Unit, and others also offered their services during the caravan.

Peace 911 Focal Person Atty Jonah Presto said that the activity which was participated in by hundreds of Panñalum residents is a clear indication that the people in Paquibato District are united in sustaining the peace in the area.

Presto said the Peace 911 remains a key program in maintaining the city’s insurgency-free status.

Peace advisor Irene Santiago said that secuirty is just one of the many factors to be considered in order to fully cement peace and order in Paquibato.

She said that a peaceful community is not just one that is free in Osaka, PTIC in Osaka headed by Commercial Counsellor and director Michael Alfred V. Ignacio, PTIC in Tokyo headed by Commercial Counsellor and Special Trade Representative Dita Angara-Mathay, Philippine Embassy in Tokyo, and the Philippine Ambassador to Japan Mylene Garcia- Albano in organizing an Investment and Tourism Roadshow in Osaka and Tokyo. from armed conflict but also one that is strong and capable of defending its peace, augmented by economic prosperity and educational opportunities for all residents.

The Osaka leg was held on April 25, 2023 at the Sura Rinku Building and was attended by around 20 businesses from the Osaka prefecture. Among those businesses who attended were from various industries including retail, airlines, real estate, trading, manufacturing, tourism, transportation, and others.

City Mayor Sebastian Duterte addressed the Pañalum residents and said that the City Government will make sure to stimulate economic growth in the area in the area. He said that the Paquibato District, as a peaceful and conflict-free territory can now look at its potential for tourism.

Pañalum Barangay Captain Analou Trespeses said that the over 2,000 residents of Pañalum, since the inception of the Peace 911 program in 2018, have enjoyed peace in the community. She said that with the continuation of the program, inhabitants of the Paquibato District will continue to unite and cooperate to keep the peace. CIO

CITY... FROM 2

tient counseling service center.

In year 2019, the Sangguniang Panlugsod passed the “Mental Health Ordinance of Davao City”. This ordinance provides for an integrated and comprehensive approach to the development of the City Mental Health Care Program and Delivery System to deliver appropriate services and interventions, including provision of mental health protection, care, treatment and other essential services to those with mental illness or disability.

Just recently, the Sangguniang Panlungsod also approved the “Anti-Bullying Ordinance”.

Last year, the PMHA assisted 300 clients, not only from Davao

DAVAO... FROM 3

across all sectors with property development, human capital build-up, and sustainability training.

“Hence, we will focus on these industries as drivers of growth of Davao’s economy. It shows how diversified our economy is because we all have these industries already flourishing today,” Ledesma said.

The conference is eyeing to gather more than 500 attendees composed of business leaders, visionaries, local and foreign investors, foreign chambers of commerce, top level executives, business councils, and senior government officials, and game-changers to explore successful, in-demand and emerging industries in the region that positions Davao City as a powerful investment hub for global pioneers and innovators.

Ledesma said the participation of all these stakeholders is

City but also from other parts of the country.

“Aduna ta’y services, counseling, psychotherapy pwede pud ta mag psychiatric consultation. Dili pud siya limited sa one-on-one, pwede pud ta mag group session labi na kung naa tay family nga nakasinati og suicide…right now naa tay six active psychologists and one psychiatrist and two technical staff nga naga process online. We are glad to say nga receptive, nindot ang pagdawat sa information nga ingon ani kay ang bottom line is free siya (We have services: counseling, psychotherapy. We can also provide psychiatric consultation and it is not limited to one-on-one, we already a testament to one of the key strengths of the Davao Region. can also accommodate group sessions, especially if there is a family that has experienced a case of suicide… right now we have six active psychologists, one psychiatrist, and two technical staff that process online, we are glad to say that– receptive, they receive the information well because the bottom line is that the services are for free),” Precious Manliguez, a member of the PMHA Davao Chapter, said.

“That is having a good partnership with both private and public sectors and even extends to foreign linkages,” she said.

Ledesma added that by having dialogues with these stakeholders, the conference will be able to curate a program that is relevant to the times and one that showcases the strengths of Davao City as an investment hub.

“With this conference, will bring in businessmen, CEOs, and executives to come here in Davao to see what is going on here and to feel Davao for themselves. So that they are now more convinced to bring their businesses here in Davao,” she said.

Those who are encountering mental health problems may call the PMHA Davao Hotline: 0906 586 7136 or reach out to their Facebook Page: Philippine Mental Health Association – Davao Chapter. CIO

The conference promises commercial opportunities for the 35 exhibitors and sponsors to network directly with delegates and to showcase their products and services both on a digital platform and physical set-up.

“Davao ICON this year is more diversified, and inclusive, that we showcase the vibrant business community here in Davao wherein we have those from large conglomerates those from homegrown brands, and we are also focusing on women investors, young entrepreneurs, and the start-ups. This will show how vibrant and inclusive our economy and business community here in Davao,” Ledesma said. By Maya M. Padillo

MINDANAO... FROM 3

Mindanao 20 years back is not the same Mindanao of today.

“If you think that there is still criminality, extremism, terrorism, etc, that are things of the past. We can prove it because the generals are here they can say for themselves what is happening in Mindanao. This is because there are still travel advisors that say this is the color red, blue, don’t go there, meron pa rin. It has not changed apparently, but the development workers have been traveling around Mindanao but the principals and the main offices in the international communities still have those,” Acosta said.

The forum carries the theme “Sustaining Strategic Partnership for Mindanao Peace and Development.”

DAVAO CITY... FROM 3

structures, and environmental sensors round the clock.

Established in 2004, the center has been upgraded with the latest technologies in August 2018.

The Putrajaya Government Center, meanwhile, is home to several official buildings, including the prime minister’s office, the Putrajaya International Convention Center, the Putrajaya Command Centre, and other key offices.

Kuala Lumpur, however, remains to be Malaysia’s capital and premier financial and commercial center.

Putrajaya is a new federal government administrative center that is linked to a mini-command center located at the Putrajaya police headquarters using a fiber optic connection to ensure the whole system is running smoothly.

During their visit there, Davao City officials also met with Malaysian Palm Oil Board Director General Datuk Dr. Ahmad Parveez Ghulam Kadir to discuss the strengthening of trade relations between Malaysia and this city. (PNA)