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*on buyback* Cebu Air, Inc.
Cebu Pacific to mount flights to Batanes in March

CEBU PACIFIC is set to launch direct flights from Manila to Batanes in late March, in time for start of the summer season.

In a statement, the Gokongwei-led budget carrier said subsidiary Cebgo will fly daily to Basco, Batanes starting March 25 to Oct. 27, 2018.

The flight departs from Ninoy Aquino International Airport Terminal 4 in Manila at 6:20 a.m., while the return flight from Basco leaves at 9:15 a.m.

Cebgo will use its ATR aircraft for the Manila-Batanes route.

“What makes this route more special is that netizens were actively engaged in the selection of our new destination — our customers were part of the process,” Cebgo President and CEO Alexander G. Lao was quoted as saying in a statement.

Batanes was the most requested destination in a social media campaign launched last year. Netizens were asked which local destination they would want Cebu Pacific to fly next. Aside from Batanes, other destinations that received votes were Daet, Camarines Norte; Mati, Davao Oriental; Bantayan Island, Cebu; San Vicente, Palawan, and Siquijor.

“The top picks were then assessed in terms of readiness for commercial flights, with criteria that included airport,” the budget airline said.

Cebu Pacific flies to 37 domestic and 25 international destinations. It operates out of seven hubs in the Philippines: Manila, Clark, Cebu, Davao, Cagayan de Oro, Kalibo and Iloilo.


source: http://bworldonline.com/cebu-pacific-mou...nes-march/
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...Australia route

Cebu Pacific launches Manila-Melbourne route

CEBU PACIFIC (Cebu Air, Inc.) will fly direct Manila-Melbourne flights starting Aug. 14, marking its second route from Manila to Australia.

The airline said in a statement that it will operate the route thrice weekly every Tuesday, Thursday, and Saturday.

“The launch of our service between Melbourne and Manila will give travelers from Australia seamless connections to other destinations in the Philippines at year-round low fares. This will enable Filipinos living in the Melbourne area to visit their families more often, and encourage more Australian tourists to spend their holidays in the Philippines,” Candice Jennifer A. Iyog, Cebu Pacific vice-president for marketing and distribution, said in a statement.

Cebu Pacific said the Philippines has become one of the fastest-growing tourist source markets for Australia, with an average 16% increase over the past four years, from 70,000 to 120,000.

The airline said that last year, it dominated the passenger market for Manila-Sydney flights during the first five months of the 2017, citing data from the Australian Bureau of Infrastructure, Transport, and Regional Economics, which showed that Cebu Pacific grabbed a 44% passenger market share of the Manila-Sydney route during the period.

“Melbourne is a great city to explore and increased flights will also bring more Australian tourists to the Philippines. This will also be welcome news to a quarter of a million Filipinos who now call Australia home, and the more than 10,000 students who travel there each year,” Amanda Gorely, ambassador of the Commonwealth of Australia to the Philippines, said in a statement.

The airline is focusing on servicing its high-demand Asia-Pacific destinations.

Last year, Cebu Pacific decided to stop its flights to Kuwait, Doha in Qatar, and Riyadh in Saudi Arabia because of increased competition in the said routes.


source: http://bworldonline.com/cebu-pacific-lau...rne-route/
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4-5

PAL, Cebu Pacific adjust Boracay-bound flights following shutdown of island

MANILA, Philippines — Philippines Airlines and Cebu Pacific will suspend flights to and from Caticlan and Kalibo, Aklan following the six-month closure order of Boracay for rehabilitation.

The announcements were made Wednesday night after President Rodrigo Duterte approved the shutdown of the island — which at one point, he compared to a “cesspool”—during the Cabinet meeting.

In a statement, PAL said it will “scale down services to Caticlan and Kalibo airports for a six-month period beginning late April.”

The flag carrier will operate nine weekly flights between Manila and Kalibo and seven weekly flights between Manila and Caticlan.

“All other Caticlan and Kalibo flights from Manila will be suspended from April 20 to October 27, while flights from Cebu and Clark will be suspended from April 26 to October 27,” it said.

To cushion the impact to the country’s tourism, PAL will expand flights to other tourist and provincial destinations in the country during the closure period.

PAL President Jaime Bautista sought the understanding of the passengers.

“In the long-term, a safe and revitalized Boracay will benefit all stakeholder in the travel and tourism sector and the Filipino people as a whole,” Bautista said.

Starting April 26, Cebu Pacific will also cancel several flights to and from Caticlan and Kalibo. This will last until October 25.

Cebu Pacific, however, will still operate few flights to and from Caticlan and Kalibo during the temporary shutdown period to "serve local residents and ensure continuity of commerce."
The airline said the affected passengers may get a full refund, rebook the flight or reroute to any domestic destination.

Last year, the province of Aklan, where Boracay is situated, registered a 14.3-percent increase in tourist arrivals, from 1.94 million a year before to 2.2 million.

Despite proposals to shut down the island, the government still approved plans for the construction of casino facilities by a Chinese and local development company


source: https://www.philstar.com/headlines/2018/...own-island
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4-26

Cebu Pacific sets 22 million passenger target in 2018

MANILA - Cebu Pacific said it expected to fly 22 million passengers in 2018, up 12 percent from the total passengers flown in the previous year.

Growing domestic and international tourism will drive air passenger traffic this year, the country's largest carrier said in a statement.

"To reach our goal of flying 22 Million passengers this year, we remain committed to offering a compelling route network where we can meet rising demand and sustain our year-round low fare proposition," said Cebu Pacific vice president for corporate affairs JR Mantaring.

"Strong performance" in the Sydney, Dubai, Hong Kong, Narita, Taipei and Incheon routes helped boost growth in 2017, the airline said.

Cebu Pacific said it was expecting delivery of 3 Airbus A321CEO (Current Engine Option) jets, part of a $4.9 billion order that includes 7 A321CEO and 32 A321NEO (New Engine Option). Deliveries are expected until 2022.

CEB posted a net income of PHP7.9 Billion in 2017, with passenger revenues up 7% and ancillary revenues—including baggage allowance, seat selection and pre-ordered meals—up 15% year-on-year. While fuel costs were over 20% higher in 2017, the average fare was up just 4% in 2017.
 
Cebu Pacific is expecting delivery of another three brand-new Airbus A321CEOs (Current Engine Option) in the coming days, adding to its current fleet of 62 aircraft. The carrier invested US$4.9 Billion for a total of seven (7) Airbus A321CEO and 32 Airbus A321NEO (New Engine Option), with deliveries starting this year until 2022.


source: http://news.abs-cbn.com/business/04/26/1...et-in-2018
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5-28

Cebu Pacific's fuel costs balloon, seeks surcharge as oil prices rise

MANILA - Cebu Pacific confirmed on Monday that it has sought the Civil Aeronautics Board's (CAB) approval to collect fuel surcharges. 

Lance Gokongwei, the airline's president and CEO, said Cebu Pacific had no choice but to apply for a fuel surcharge again amid the higher cost of oil in the world market and the weakness of the peso.

"Fuel price and currency changes have been quite significant. In aggregate, we spend P700 million more per month to fly the same flights," Gokongwei said. 

Airlines asking for fuel surcharges as oil prices keep rising
Cebu Pacific has applied for a fuel surcharge of P70 to P250 for domestic flights. 

"This recovers half of the increase in cost we are facing. We are really trying to minimize the increase to the lowest possible," he said. 

Higher fuel costs and a weaker peso already cut into Cebu Pacific profits last year, pulling net income down 19 percent despite a 10 percent increase in revenues.

On top of this volatility, the airline also had to deal with the closure of Boracay.

Gokongwei said the absence of flights to the popular island resort will cause a P500 million to P1 billion reduction in revenues for Cebu Pacific this year.


source: http://news.abs-cbn.com/business/05/28/1...rices-rise
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6-8

Airlines eye expansion with new Mactan airport terminal

AIRLINE executives are keen on boosting their presence in Cebu following the inauguration of the Mactan Cebu International Airport’s (MCIA) Terminal 2 on Thursday, June 7.

Gokongwei-led Cebu Pacific Air said it is eyeing to expand its route from Cebu to countries in north Asia like China, Korea and Japan while they continue to connect the islands of the country.

“I am happy of this new terminal. It is something that the whole province and country will benefit from. It is a great entry point and is the nicest airport in the Philippines,” said Lance Gokongwei, chief executive officer of Cebu Pacific Inc.

“We are very excited of this new airport as this will enable us to add more flights,” said Gokongwei, who is also the CEO of JG Summit Holdings Inc.

GMR-Megawide Cebu Airport Corp. (GMCAC), the private operator of MCIA, envisions the airport to become the “friendliest gateway destination.”

AirAsia Philippines CEO captain Dexter Comendador said he is happy that Cebu now has an upgraded airport that could cater to a lot of international guests.

He said the opening of the Terminal 2 would give them the capacity to expand their network.

For this year, AirAsia Philippines is linking Cebu to three destinations in China -- Shanghai, Hangzhou and Shenzhen.

“With the new planes that will arrive, we plan to add more routes by next year,” said Comendador.

President Rodrigo Duterte inaugurated Thursday, June 7, the 65,000-square-meter Terminal 2.

The terminal will increase MCIA’s current passenger capacity to a minimum of 12.5 million passengers per year. It will be Cebu’s dedicated international terminal.

Last year, 10 million passengers, both foreign and local, passed through MCIA, which connects Cebu to 25 international destinations, 30 domestic destinations and with 26 partner airlines.

MCIA is eyeing an 11.2-million passenger traffic this year, a projected 12 percent increase from last year’s record.

Terminal 2 will have 48 check-in counters that are expandable to 72. It has provisions for seven passenger boarding bridges, which can be expanded to 12 boarding bridges.

The new terminal will also be equipped with 12 escalators and 15 elevators to facilitate the easy movement of passengers.

Terminal 2 will offer an exciting and wide-ranging retail environment with approximately 3,000 square meters of gross leasable area dedicated to commercial space for the convenience and leisure of passengers. It also features a walk through Duty Free.

Terminal 2’s food and beverage is operated by British company SSP Group, which also operates in some of the world’s busiest airports such as London’s Heathrow Airport, New York’s John F Kennedy International Airport, and Thailand’s Suvarnabhumi Airport.

A car parking facility will be constructed that can accommodate 550 cars, which is expandable to 750 cars. There will also be an array of food and retail choices, including a mall, casino, and a hotel. 


source: http://www.sunstar.com.ph/article/174693...t-terminal
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7-3

Cebu Air sells majority stake in aviation unit

Cebu Air Inc., the operator of Cebu Pacific Air, has sold its majority stake in its newly established aviation support unit, 1Aviation Groundhandling Services Corp.

It said in a stock exchange filing on Monday that the buyers were Philippine Airport Ground Support Solutions Inc., also known as PAGSS, and the latter’s shareholder, businessman Jefferson G. Cheng.

Cebu Air said it had sold the 60-percent stake in 1Aviation Groundhandling for an undisclosed amount.

The deal gives PAGSS a major footprint in the crucial aircraft ground handling business, where it will compete with other players, including Lucio Tan’s MacroAsia Corp.

1Aviation Groundhandling was incorporated in March, a move mainly motivated by the government’s decision not to renew a contract with Miascor Aviation Services in Manila’s Ninoy Aquino International Airport and other air gateways.

Cebu Pacific was a major customer of Miascor, which was once the country’s largest independent ground handling company.

Cebu Air president Lance Gokongwei was quoted in the disclosure as welcoming the investment by Cheng, whose family owns Philippine International Air Terminals Co. (Piatco), and PAGSS, adding the company “brings decades of experience in ground handling for the benefit of airline passengers.”

Cebu Air announced separately that it had signed an agreement with Switzerland-based IPR Conversions Ltd to convert two of its ATR 72-500 passenger aircraft into dedicated cargo aircraft.

This marks the first foray of Cebu Pacific in operating specialized aircraft to transport cargo.

“We will be able to offer cargo capacity that no other carrier in the Philippines can provide,” said Gokongwei.

Cebu Air expects to receive the first of two converted aircraft in the fourth quarter of 2018. The cargo aircraft will continue to be operated through its wholly owned subsidiary, CebGo.


source: http://business.inquirer.net/253423/cebu...ation-unit
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...so malakas talaga logistics

Cebu Pacific expands cargo operations

CEBU AIR, Inc. is converting two of its ATR 72-500 passenger planes into freighter planes in order to take advantage of the growing demand from the logistics industry. In a statement, the listed operator of Cebu Pacific said it inked an agreement with Switzerland-based service provider IPR Conversions Ltd. to convert two of its ATR 72-500s.

“With the freighter aircraft, we will further support the growing needs of the logistics industry, especially as the Philippines’ e-commerce businesses expand rapidly and look for faster delivery schedules,” Cebu Air President and CEO Lance Y. Gokongwei was quoted as saying.

This is the first time Cebu Pacific will operate specialized aircraft to transport cargo.

“One other thing that we’re very excited about and very proud of is we are revolutionizing cargo operations and we will be the first (local) airline to actually have dedicated cargo aircraft. We are transforming two of our ATRs to a full cargo aircraft with big doors to handle cargo across the country,” Candice Jennifer A. Iyog, Cebu Pacific vice-president for marketing and distribution, said in a press conference yesterday after a tour of the new Mactan Cebu International Airport terminal.

The passenger ATR 72-500 aircraft will be installed with a large cargo door to allow standard containers and pallets to be loaded. It will also have space for seven AKE Unit Load Device (ULD) containers, as well as carry more than seven tons of cargo.

The Gokongwei-led budget carrier is looking to take delivery of the two converted cargo aircraft by the fourth quarter of the year. Its subsidiary CebGo will operate the converted aircraft.

“Having dedicated cargo aircraft means that we are no longer dependent on a scheduled service for passenger aircraft to be able to carry the cargo… Now we will be able to provide flexible timings and routings as well,” Ms. Iyog said.

Currently, Cebu Pacific Cargo corners a 50% market share for domestic air cargo, using its passenger aircraft fleet. Cargo revenues jumped 29% to P4.6 billion in 2017, and 26% to P1.3 billion in the first quarter of 2018.


source: http://bworldonline.com/cebu-pacific-exp...perations/
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7-25

Cebu Pacific to launch new Australia route

CEBU PACIFIC (Cebu Air, Inc.) will be opening a new destination in Australia next month as it looks to maintain its dominant market share of flights in the region.

In a statement on Tuesday, the local airline said it will be launching direct flights for passenger and cargo from Manila to Melbourne on Aug. 14.

“Bookings for our Manila-Melbourne-Manila service are healthy. The bookings comprise of travellers who want to visit Melbourne and Filipino-Australians who want to visit friends and relatives in various parts of the Philippines,” Cebu Pacific Vice President for Marketing Candice Jennifer A. Iyog said in the statement.


Its Manila-Melbourne route is the airlines’ second route going to Australia, after it launched flights to Sydney in 2014.

The Gokongwei-led carrier said tourism between the two countries has increased by an average of 16% as of April this year since it opened a Manila-Sydney route in 2014.

“The Philippines is fast gaining popularity among Australian travelers as a holiday destination, rivaling Bali and Thailand… Filipinos are among the largest immigrant groups in Australia, numbering about 300,000 as of 2017,” it added.

Cebu Pacific initially targeted to launch direct flights to Melbourne by June 2018. When the flights finally roll out next month, fares between the two locations are set to start at P9,539.

The listed operator of Cebu Pacific, Cebu Air, saw its first quarter earnings reach P1.437 billion, 12% higher than in the same period last year. It targets to fly 22 million passengers by the end of 2018, which is 12% higher than its record of 19.7 million passengers flown last year.


source: http://www.bworldonline.com/cebu-pacific...lia-route/
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7-27

Cebu Pacific expands fleet further with five Airbus A320neo order

CEBU AIR, Inc. the listed operator of Cebu Pacific, continues to expand its fleet as it looks to acquire five new aircraft, all of which are expected to be delivered by next year.

In a statement released on Friday, the local carrier said it is looking at the arrival of the first planes of its order of five Airbus A320neo with Pratt & Whitney PurePower PW1100G-JM geared turbofans during the first half of 2019.

“The five additional A320neo aircraft is on top of its order of two more A321ceo, 32 Airbus A321neo, and six ATR 72-600 aircraft, which are scheduled for delivery between 2018 and 2022. The additional aircraft will be used to support the carrier’s expansion plans,” the company said.

The new A320neos will join the Gokongwei-led company’s current fleet of 67 planes.

The acquisition of the new aircraft is hoped to be an economical move for the carrier, which may lead to “more compelling fares,” as it noted the A320neo’s higher seat capacity and more efficient fuel consumption. It said the new aircraft could fly a distance of up to 6,300 kilometers using 20% less fuel.

The new aircraft will come from Dublin-based aircraft leasing company Avolon Aerospace Leasing Ltd. Cebu Pacific signed an Operating Lease Agreement with the company for the acquisition.

Its Vice-President for Commercial Planning, Alexander G. Lao, said Cebu Pacific is eyeing nine additional aircraft every year from 2018 to 2022.

“We see expansion opportunities in new markets, as well as pent-up demand in areas where we currently operate. The introduction of the first new generation, fuel-efficient A320neo aircraft to the Philippine market will help us to further strengthen our position in the Philippines and allow us to further pursue expansion of our international route network,” Mr. Lao said in the statement.

During the first quarter, Cebu Air posted a 12% hike in its income at P1.437 billion, driven by an increase in passenger revenues.


source: http://www.bworldonline.com/cebu-pacific...neo-order/
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