Cebu Pacific expands overseas operations from different points (Business Mirror (Philippines))
BUDGET carrier Cebu Pacific is expanding its overseas operations via different points in the Philippines starting in December to help the government achieve its tourism agenda. The airline will inaugurate direct flights from Manila to Fukuoka, Japan; from Cebu to Taipei, Taiwan; and, from Davao to Singapore, on December 17, opening up new markets for tourism and business.
It has always been our commitment to contribute to the country’s economic and tourism agenda. We will continue to develop our Philippine hubs to offer fast, affordable flights to more travelers across our network, Cebu Pacific Vice President for Marketing and Distribution Candice J. Iyog said on Thursday.
She said the Manila-Fukuoka route will be operated thrice weekly; the Davao-Singapore route, twice per week; and Cebu-Taipei, thrice weekly.
The introduction of these new routes will bring Cebu Pacific’s network to 63 destinations on 97 routes.
Cebu Air Inc. saw profits rise by more than two thirds in the first semester of 2015 thanks to the savings generated from the declining price of jet fuel. The operator of budget carrier Cebu Pacific booked P5.2 billion in net profits during the first six months of the year, a 63.6-percent increase from the P3.18 billion the year prior.
In the same comparative periods, the company registered 10.4-percent increase in revenues to P29.51 billion and a 1.2-percent decline in operating expenses to P23.47 billion.
The robust top line was fueled by the increase in passenger, ancillary and cargo revenues generated during the period.
Cebu Pacific and sister airline Cebgo flew 9.2 million passengers during the six-month period, 8.2 percent more versus the 8.5 million customers in 2014.