Transport & Logistics

Cebu Pacific is expanding its international network this fourth quarter with five new and restored direct routes to China, Vietnam, and Japan, boosting connectivity ahead of the busy holiday travel period. The Gokongwei-led airline will roll out services from Cebu, Clark, and Manila starting late October through November, alongside a promotional seat sale with one-way base fares starting at just P1, excluding fees and surcharges.

AirAsia Philippines has kept its rank as the world’s most on-time low-cost airline for July, according to the latest report from global aviation data firm OAG. The carrier recorded an on-time performance rate of 94.42 percent, placing first among 46 monitored low-cost airlines worldwide. It also took second place in OAG’s All Airlines category for carriers running over 1,500 flights that month, outperforming many full-service airlines alongside its budget peers.

Several transport groups announced Thursday they are canceling their planned transport holiday next week, following the Department of Transportation (DOTr)’s launch of a financial aid and incentive package meant to ease the impact of high fuel prices on public utility vehicle (PUV) drivers and operators.

Cebu Pacific posted a net loss of P5.9 billion in the first half of the year, a sharp reversal from the P8.9-billion net profit recorded in the same period last year, due to surging fuel prices and foreign exchange losses.

Cebu-based Aznar Shipping Corp. is expanding its cadetship program for the upcoming academic year, opening onboard training opportunities for more than 200 aspiring seafarers as the domestic shipping industry grapples with a critical shortage of qualified maritime officers in the Visayas.