Use PHP to convert PNG to JPG with compression?

I have a bunch of high quality PNG files. I want to use PHP to convert them to JPG because of it's smaller file sizes while maintaining quality. I want to display the JPG files on the web.

Does PHP have functions/libraries to do this? Is the quality/compression any good?

Do this to convert safely a PNG to JPG with the transparency in white.

$image = imagecreatefrompng($filePath);
$bg = imagecreatetruecolor(imagesx($image), imagesy($image));
imagefill($bg, 0, 0, imagecolorallocate($bg, 255, 255, 255));
imagealphablending($bg, TRUE);
imagecopy($bg, $image, 0, 0, 0, 0, imagesx($image), imagesy($image));
imagedestroy($image);
$quality = 50; // 0 = worst / smaller file, 100 = better / bigger file 
imagejpeg($bg, $filePath . ".jpg", $quality);
imagedestroy($bg);

Be careful of what you want to convert. JPG doesn't support alpha-transparency while PNG does. You will lose that information.

To convert, you may use the following function:

// Quality is a number between 0 (best compression) and 100 (best quality)
function png2jpg($originalFile, $outputFile, $quality) {
    $image = imagecreatefrompng($originalFile);
    imagejpeg($image, $outputFile, $quality);
    imagedestroy($image);
}

This function uses the imagecreatefrompng() and the imagejpeg() functions from the GD library.