Macroasia swings back to profit due to increased flights

Aircraft maintenance provider MacroAsia Corp. erased its losses after booking a net income in the first half, buoyed by increasing flight activities amid the easing of travel restrictions. In a disclosure on Friday, the listed company reported that the net income attributable to equity holders of the company reached to P64.84 million during the first semester, a turnaround from P524.49-million net loss in the same period last year. Inflight and other catering revenues, which accounted for 43 percent of the top-line figures, grew by more than threefold to P775.42 million in January to June. It served 5.6 million meals during the period, a significant increase from just 1 million a y...Keep on reading: Macroasia swings back to profit due to increased flights

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