Cebu Pacific (CEB) has signed two major agreements at the Paris Air Show, strengthening both its fleet reliability and operational efficiency as part of its long-term growth strategy.
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.
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 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.
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.
NOW Corp., a listed company with interests spanning telecommunications, media, and technology, said it will elevate its case to the Court of Appeals after the Securities and Exchange Commission En Banc upheld a finding that the firm disclosed misleading information to the public.
One of the subsidiaries of ItalPilipinas Development Corp., a listed property developer, is preparing to tap the debt market to fund a new residential project.
Global markets are taking a step back—not because of panic, but caution. Investors are reducing risk as they navigate uncertainty around inflation, interest rates, and global tensions.