PAL Holdings, the parent company of Philippine Airlines, widened its net loss to Philippine pesos (Ps) 2.62 billion ($64.5 million) for the quarter ended 31 December 2012.
This compares with a net loss of Ps1.45 billion a year ago.
Revenue for the three-month period rose by 0.3% to Ps16.8 billion, says PAL. Its passenger revenue stood at Ps14 billion, while cargo revenue rose slightly to Ps1.42 billion.
Total expenses for the three months rose by 6.5% year on year to Ps19.4 billion.
For the nine months to 31 December 2012, the carrier's net loss narrowed to Ps2.74 billion from Ps3.6 billion in the same period last year.
Revenue grew by 2.4% to Ps55.7 billion, while expenses totalled Ps58.4 billion during the nine-month period.
The carrier's cash and cash equivalents amounted to Ps4.2 billion at the end of the nine-month period.