*on buyback* Cebu Air, Inc.
Cebu Pacific adding 2 new local routes

Posted at 06/21/2011 6:04 PM | Updated as of 06/21/2011 6:25 PM

MANILA, Philippines - To cement its position as the country's largest airline, Gokongwei-led Cebu Pacific is expanding its network with two new domestic routes by October.

In a statement, the budget carrier said it will operate daily flights from Zamboanga to Tawi-Tawi, its 50th destination, and thrice weekly flights from Cagayan De Oro to Iloilo starting October 14.

It will utilize Airbus A319 aircraft for the new services, it added.

Cebu Pacific launched Tuesday a seat sale promo for the new routes that will run from June 22 to 24 or until seats last, for travel beginning October 14 until November 30.

Passengers going to Tawi-Tawi from Zamboanga can book P488 seats, 25% less than the lowest year-round fare for this route. For the Cagayan de Oro-Iloilo route, P688 seats are available.

Cebu Pacific, whose network covers 33 domestic and 16 international destinations, is the number one airline in the Philippines in terms of passenger numbers.

It operates 10 Airbus A319, 15 Airbus A320 and 8 ATR-72 500 aircraft. By the end of 2011, it will be operating a fleet of 37 aircraft – with an average age of less than 3.5 years.

Between 2012 and 2021, the budget airline will take delivery of 23 more Airbus A320 and 30 Airbus A321neo aircraft.

Cebu Pacific is a unit of conglomerate JG Summit Holdings Inc. It eyes to carry more than 12 million passengers this year, a growth of 19% over 2010.

Cebu Air sees lower 2011 net income

CEBU PACIFIC operator Cebu Air, Inc. expects to post a profit drop this year due to higher fuel costs even as the second-quarter income is seen to have topped January to March levels, a ranking official yesterday said.

“Overall for the year, because of higher oil prices, we expect our profit to be below last year’s,” Lance Y. Gokongwei, Cebu Air president and chief executive, told reporters after the firm’s annual stockholders’ meeting yesterday.

The airline operator’s yearend profits could thus fall short of the P6.922 billion recorded in 2010 which was roughly double the previous year’s.

“[F]uel is such a major part of our costs. When we did our budget last year, we thought the fuel price would be about $90 to $95 [per barrel], but it’s $125 [per barrel] now,” Mr. Gokongwei said.

According to the International Air Transport Association’s jet fuel price monitor, jet fuel price has reached $125.9 per barrel as of July 1, a 51.5% increase in the same period last year.

The dim outlook comes even as performance in the second quarter reportedly picked up from the first quarter.

“The second quarter would be stronger than the first quarter ...[because] of the fuel surcharges that we have put in as well as the increase in ancillary revenues,” Mr. Gokongwei said.

The airline hiked fuel surcharges for its domestic flights by up to 50% in May barely two months after it began imposing the fee on passengers amid the continued rise in fuel prices.

But income in the April to June period will still be below the figure recorded in the same period last year, Mr. Gokongwei said.

The second quarter, historically, is good for the airline with Filipinos usually taking vacations in this period, he said.

The airline carried about three million passengers in the second quarter, he added. The budget carrier aims to fly 12 million passengers this year, 14% higher than 2010 levels. -- K. A. Martin

stock price pressured down, maybe a buying opportunity.
The World is a Vampire . . .
hmmm...mukang pwede to. silipin natinSmile
"thoughts can make you going, but action can make you there"
..iwas muna dito rambiz, mababa target nung iba brokerage houses
2019 SMP Charity/Tsinelas & School Supplies Donation Drive link http://stockmarketpilipinas.com/thread-5...#pid345588


follow the link https://pixiutrades.wordpress.com/2018/1...-workshop/
Tama si Com dito. Company na mismo ang nagsabi na mas mababa income nila so talagang iwas muna...
my trigger finger is itchy. . . but not yet haha!
The World is a Vampire . . .
Cebu Pacific passengers up 15% in Q2

MANILA, Philippines - Budget carrier Cebu Pacific saw a 15% growth in number of passengers during the second quarter of the year, putting it on track to meet its full-year target.

In a statement, Cebu Pacific said it flew over 3.1 million passengers from April to June 2011, against 2.7 million in the same period last year.

Of the number, bulk or 2.4 million were domestic passengers, up 13% year on year. International passengers, on the other hand, totaled 683,000, up 21% from a year ago.

Cebu Pacific is eyeing to carry 12 million passengers in 2011.

“CEB posted strong growth figures in the 2nd quarter of 2011, given its trademark lowest fares, extensive route network and innovative travel services. April and May are seasonally the strongest in domestic travel,” said Candice Iyog, vice president for marketing and distribution.

Meanwhile, Cebu Pacific said it achieved a record load factor of 89% in the second quarter, surpassing its 87% and 88% load factors for the first quarter 2011 and second quarter 2010, respectively.

“We will continue to expand internationally, consistent with our goal to bring more tourists to and from the Philippines. CEB’s international passengers increased in the 2nd quarter, owing to our increased flight frequencies and direct flights from international destinations to Manila, Cebu and Clark,” Iyog said.

Cebu Pacific passengers to and from Singapore went up 22% year on year. Passengers to and from North Asia grew by 13%, led by Taiwan (up 66%), South Korea (up 42%) and China (up 38%).

Cebu Pacific, a unit of Gokongwei-led JG Summit Holdings Inc., flies to 34 domestic and 16 international destinations.

Source: abs-cbnnews.com

I want!!!babalikan kita soon
nihil timendum est.
should hold 80
gudluck sa gain
sa mga may trip
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