Tag: Cebu Pacific
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Cebu Pacific net profit fell in 1Q, hurt by fleet expansion cost
Cebu Pacific, the budget carrier brand of the Gokongwei Group’, saw net income in the first quarter drop 78 percent to P466 million, dragged down by higher fleet and financing costs related to its fleet and route expansion.
4.7M took to the air with Cebu Pacific in only 2 months
Cebu Pacific has posted a strong 26.3 percent increase in passenger number for February this year, a result that exceeded expectations for a typically lean month. The airline carried 2.2 million passengers during the period, up from 1.72 million in the same month last year, driven by a significant boost in seat capacity.
Cebu Pacific relaunches Super Seat Fest with ultra-low fares
Cebu Pacific has reintroduced its highly popular Super Seat Fest, offering travelers the chance to book flights to over 60 destinations, both domestic and international, for as low as P29 one-way base fare, excluding fees and surcharges.
Budget carrier boosting central, south air links from Iloilo hub
Cebu Pacific is strengthening the air link between the central and southern parts of the country with the resumption of two routes out of its Iloilo hub.
Cebu Pacific plans P42B capex in 2023, eyes return to profitability
Cebu Air Inc., which owns the country’s largest budget carrier Cebu Pacific, told the Philippine Stock Exchange on Thursday it has budgeted P42 billion as capital expenditures this year, most of which will fund aircraft purchases.
