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Medical equipment is loaded onto the delivery flight for a Cebu Pacific A320 in Toulouse (Photo: Airbus)

Cebu Air Bleeds In First Quarter Net-Loss

Cebu Air, the listed operator of budget carrier Cebu Pacific, posted a net loss of P7.3 billion (US$152.6 million) in the first quarter of 2021, as the Philippines struggles to contain COVID-19 infection cases, Business World reports. Cebu Air's net loss is 516% higher than the US$25.1 million net loss it sustained in the same period in 2020. Total net revenues dropped 83% to US$56.6 million from US$332.3 million previously, with passenger revenue plunging to US$18.5 million from US$238.0 million.…

Philippine Carriers Struggling, But New Airport Remains Optimistic

Cebu Pacific Air, a no-frills airline in the Philippines, is seeking a $500 million investment to strengthen its balance sheet. “We need to create a longer runway for CEB so that we can continue providing affordable and accessible air transport services for everyone,” Lance Gokongwei, the airline's president and chief…

Cebu Pacific Signs Firm Order for 16 A330neo Jets

On Monday, Airbus announced that Philippine carrier Cebu Pacific signed a firm order for 16 of their A330neo widebody jets. The deal is valued at $4.8 billion and represents the widebody portion of a Memorandum of Understanding signed by Cebu Pacific and Airbus at the Paris Air Show in June…

Cebu Pacific Places Significant Airbus Order at Paris Air Show

Philippine low-cost carrier Cebu Pacific placed a major order for new generation aircraft from Airbus on the second day of the 2019 Paris Air Show. The Manila-based carrier will begin operating A330neos and A321XLRs in a move that will enable the airline to expand to more destinations throughout the Asia…