Tag: Cebu Pacific

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Cebu Pacific net profit fell in 1Q, hurt by fleet expansion cost

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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

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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

Transport & Logistics Context.ph Context.ph -
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

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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

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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.
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Cheaper power could unlock 161,000 jobs, World Bank says

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Accelerating power sector reforms could slash electricity prices, create more than 161,000 jobs and lift about 730,000 Filipinos out of poverty by 2030, with the World Bank arguing that lower energy costs may be one of the country's biggest catalysts for faster and more inclusive economic growth.

AI can unlock globally competitive Filipino innovations, IPOPHL

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Intellectual Property Office of the Philippines (IPOPHL) Director General Teodoro C. Pascua said artificial intelligence could become a powerful engine for transforming Filipino ideas into globally competitive products, provided innovation is matched with stronger protection of intellectual property rights.

Supreme Court ruling reels in Philippine seafood export risks

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The Supreme Court's decision striking down Fisheries Administrative Order No. 266 has cast a wide net over the Philippines' fisheries sector, raising questions that reach well beyond the country's waters. 

Eala-Pegula finals match rescheduled 

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After hours of weather delays, organizers of the Mubadala DC Open postponed the women's singles final between Alex Eala and Jessica Pegula to noon Monday (midnight Tuesday in Manila) to allow the championship match to resume under safer conditions. Play was repeatedly interrupted by rain, forcing officials to suspend action for the safety of players and spectators. World No. 3 and top seed Pegula rallied from an early 3-4 deficit to capture the opening set, 6-4. Eala responded by taking the first game of the second set and built a 2-1 lead before another downpour halted play once again. Organizers said Sunday’s tickets will be honored while 1,000 more will be offered to fans who want to watch the finals.

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