Cebu Pacific trims net loss in Q3 amid easing travel restrictions
Revenues soared 419% on annual basis to P16.9 billion in the third quarter, benefitting from low base effects and stronger travel demand.
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Revenues soared 419% on annual basis to P16.9 billion in the third quarter, benefitting from low base effects and stronger travel demand.
Cebu Air Inc., the operator of budget carrier Cebu Pacific, slashed its net loss to below P3 billion in the third quarter although it is struggling to deal with the peso’s decline that is pushing up its debts in foreign currency.
Cebu Pacific received the Asia Environmental Sustainability Airline / Airline Group of the Year from the Centre for Asia Pacific Aviation (CAPA) for its leadership in sustainability performance in the regional aviation industry.
Cebu Pacific (PSE: CEB) received the Asia Environmental Sustainability Airline / Airline Group of the Year from the Centre for Asia Pacific Aviation (CAPA) for its leadership in sustainability performance in the regional aviation industry. CEB, the Philippines’ leading carrier, was recognized for
Budget carrier Cebu Pacific expects all of its pre-pandemic flights to be reinstated by the second semester of 2023 in hopes China will reopen to leisure travel by then.