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

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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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BSP projects August inflation up to 6.5 % 

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The Bangko Sentral ng Pilipinas expects headline inflation for August 2026 to settle between 5.5 and 6.5 percent, outlining a persistent trajectory above official targets despite recent monetary tightening. According to the central bank, upward pressures on consumer prices during the month are driven primarily by higher costs for rice, vegetables, fruits, and fish, which have been exacerbated by unfavorable weather conditions alongside elevated domestic fuel prices.

GCash, Taptap Send team up for easier, fee-free remittances for OFWs

Communications & Technology 0
GCash has partnered with Taptap Send to streamline remittance services for overseas Filipino workers (OFWs) in Bahrain, with plans to roll out across key markets including the United States, Canada, and the United Kingdom.

Japan’s Endo bids farewell to Marcos Palace, receives Order of Sikatuna for deepening PH-Japan ties

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Outgoing Japanese Ambassador ENDO Kazuya paid a farewell call on President Ferdinand R. Marcos Jr. and First Lady Louise Araneta Marcos at Malacañang Palace today, marking the close of his diplomatic posting with warm exchanges and a top state honor.

Philippine trade deficit widens sharply in July

Trade & Investments 0
The Philippines’ trade deficit widened sharply in July as imports continued to outpace exports, with the country’s merchandise trade gap expanding by nearly 35 percent from a year earlier, according to the Philippine Statistics Authority.

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