Cebu Pacific (CEB) lost P22.2 billion last year as the COVID-19 pandemic wreaked havoc on the airline sector. The airline carried just five million passengers in 2020, 78% lower than 2019 in a total of 41,804 flights, 71% down in the comparative period. Before the pandemic, CEB flew about 400...
After its convertible preferred shares stock rights offering, Cebu Air, Inc. (CEB) today (March 29) announced that 328,947,368 of its convertible preferred shares with a par value of P1 per share were listed and ready to be traded at the Philippine Stock Exchange (PSE). Despite the challenges that...
Airlines have announced they will continue to operate flight schedules as planned. (MANILA BULLETIN FILE PHOTO) Cebu Pacific (CEB) said it will continue to operate its flight schedule, as planned, for the next three days, the airline announced last night (March 21) after the government restricted...
To comply with government restrictions on inbound travel, which takes effect today (March 18), Philippine Airlines (PAL) canceled 40 international flights. Transport authorities capped international arrivals to 1,500 passengers daily for the next 32 days to prevent the spread of new COVID-19...
Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
Passengers can now rebook as many times as they need after Cebu Pacific (CEB) permanently scrapped its change fees to restore confidence in air travel. “In a recent survey we conducted, flexibility remains to be one of the considerations of our passengers when deciding to travel again," CEB Vice...
Cebu Pacific (CEB) recently launched COVID Protect, a P250 add-on to its travel insurance plan for both domestic and international passengers to cover COVID-related hospitalization and treatment. Under COVID Protect, guests traveling who test positive for COVID-19 will get up to P1 million coverage...
Seeing a good business opportunity in the midst of the pandemic, Cebu Pacific (CEB) is expanding its cargo fleet and recently took delivery of its second ATR cargo freighter to strengthen its domestic cargo operations in airports with short runways. So far, only a third of the Philippines' airports...
To cater to the pent up demand of residents, businessmen and tourists, Cebu Pacific (CEB) will fly directly between Manila and Surigao every Saturday, beginning January 16, 2021. CEB's wholly owned subsidiary, Cebgo, will operate the Manila-Surigao route using its fleet of ATR aircraft. To mark the...
The transport sector was one of the biggest casualties of the pandemic as borders shut down. Airlines have been soaring high in the past decade, riding on the popularity of cheap travel. But in a snap, fear of catching COVID 19 killed everyone's appetite for globe-trotting. No one wants to...
Cebu Pacific (CEB) has commercially launched its P700 Test Before Boarding (TBB), the lowest rate in the industry so far, for passengers flying from Manila. The antigen test is taken just hours before the scheduled time of departure, with results released within 30 minutes. At present, the TBB...
Cebu Pacific (CEB) has extended its flexible options for Unlimited Rebooking and Travel Fund until March 31, 2021. "It may take time before trust and confidence in air travel is restored, that is why we decided to extend our flexible booking options until the first quarter of 2021,” announced...
