PAL adds 2 independent directors amid expansion

PAL HOLDINGS, Inc. has appointed Edgar O. Chua and Datuk Captain Izham Ismail as independent directors, strengthening its board as Philippine Airlines pushes fleet renewal and international network growth.

Mr. Chua’s corporate leadership background and Mr. Izham’s aviation experience would help guide the airline’s strategic direction, PAL Holdings Chairman and Chief Executive Officer Lucio C. Tan told the stock exchange on Monday.

Mr. Chua is chairman of the Makati Business Club and has held senior roles and board seats across energy, banking, technology and education sectors.

Mr. Izham has nearly four decades of airline experience and previously served as director of Malaysia Aviation Group, overseeing operational, commercial and organizational functions.

PAL said the appointments come at a key stage as it expands routes, modernizes its fleet and strengthens partnerships to support long-haul growth.

The airline recently received its second Airbus A350-1000, with three more deliveries expected this year.

The aircraft is a long-haul widebody jet designed for extended international routes and configured with business, premium economy and economy cabins.

PAL Holdings reported a 1.15% decline in first-quarter attributable net income to P4.28 billion from a year earlier, as higher fuel costs and operating expenses weighed on margins.

Gross revenues rose 11.67% to P52.43 billion, while gross expenses increased 8.94% to P46.07 billion, reflecting higher flying and operational costs.

Shares of PAL Holdings closed unchanged at P3 on the Philippine Stock Exchange. — Ashley Erika O. Jose