Budget carrier Cebu Pacific (CEB) is considering increasing fares due to the surge in fuel prices, according to its president and CEO Lance Y. Gokongwei. Know more:
Budget carrier Cebu Pacific is considering increasing fares due to the surge in fuel prices, according to its president and CEO Lance Y. Gokongwei.
The chief executive of JG Summit Holdings has joined the company board of SariSuki, the parent firm of Supah. About two weeks ago, the airline launched a special sale and offered tickets for as low as P12, one-way base fare, for flights covering the travel period February 1 to May 31, 2023. Cebu Pacific reported a P24.9-billion net loss for 2021. It generated P15.7 billion in revenues in 2021, 30 percent lower than the figure recorded in 2020. This was mostly driven by the 50-percent decline in passenger revenue to P6.3 billion, from P12.6 billion in 2020.
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