Cebu Pacific Air, the country’s largest budget carrier, is increasing international and domestic capacity amid an expected boost in passenger traffic during the summer months, a statement on Tuesday showed.
Cebu Pacific, the country’s biggest budget carrier, will get a lift in terms of passenger traffic this year with the acquisition of Tigerair Philippines and as it increases capacity to serve new routes, its top official said.
Budget carrier Cebu Pacific said it was studying new routes to Europe and the United States following separate announcements by the United States and the European Union of the airline’s removal from their air safety blacklists.
The United States (US) and Europe has fully opened its doors to the Philippines Thursday with the Federal Aviation Administration’s (FAA) upgrading of the country’s aviation security ratings to Category 1 status and the European Union’s (EU) lifting of the flight ban on local airlines.
The Gokongwei-led Cebu Pacific Air is set be the second domestic carrier allowed by the European Union to fly to areas within its 28-member bloc after the Philippines was removed from a multiyear blacklist in 2013.
Cebu Pacific has suspended an airline supervisor at the Ninoy Aquino International Airport (Naia) who offloaded a sick boy from a plane on Saturday for allegedly having a damaged passport.
Cebu Pacific Air, the Philippines’ dominant budget airline, expects earnings in the first half of 2014 to decline—weighed down significantly by foreign exchange losses—as the airline industry continues to reel from lower yields and volatile fuel prices.
The operator of top Philippine carrier Cebu Pacific Thursday reported its net profit plunged more than 85 percent for last year on huge foreign exchange losses from a weaker peso.
Lawmakers are looking into the takeover of Tigerair Philippines by dominant budget carrier Cebu Pacific Air and its potential impact on fares, a member of the House committee on transportation said on Monday.
Cebu Pacific Air’s planned long-haul expansion, which may include points in Australia and the Middle East, is expected to open up opportunities for growth, but the airline should expect near-term losses here given stiff competition, aviation consultancy firm Capa-Center for Aviation said in a report.
The Philippine commercial aviation business is seen to improve further this year as dominant budget carrier Cebu Pacific Air acquires Tigerair Philippines, cutting down competition and stemming eroding margins, a report by Center for Aviation showed last week (Capa).
Cebu Air Inc., operator of the country’s biggest budget airline Cebu Pacific, has sealed a strategic alliance with Singaporean low-cost carrier Tiger Airways Holdings, a filing at the Philippine Stock Exchange showed. The agreement, disclosed by both airlines to bourses in the Philippines and Singapore, was described as a “wide-ranging” partnership that also includes [...]
