Reduced liabilities from its mothballed petrochemical unit, combined with stronger performances in travel and real estate, helped propel core earnings at JG Summit Holdings Inc., the country’s second-largest conglomerate by market value. In a disclosure to the Philippine Stock Exchange, JG Summit...
Diversified conglomerate San Miguel Corp. (SMC) leads the nine Filipino companies included in Forbes Magazine’s World’s Best Employers list this year, which consisted of 900 companies. SMC was ranked at No. 42, the only Philippine company in the top 100, followed by Ayala Corp. (139),...
Low-cost carrier Cebu Pacific saw its earnings in the first half rise by a staggering 153 percent from the previous year on higher passenger volume and an engine compensation package. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Pacific’s parent firm, Cebu Air Inc., reported a net...
Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
Gokongwei-led Cebu Pacific is upbeat about its continued growth this year on the heels of its massive expansion drive in 2024, during which the budget carrier expanded its fleet capacity and hubs across the country. During the airline’s annual stockholders’ meeting, Cebu Pacific Chairman Lance...
The Gokongwei Group is increasing its investments for its real estate and food and beverage units while investments for aviation drops as it expects fewer aircraft and engine deliveries. JG Summit Holdings Inc. said the sharply lower capital expenditures of Cebu Air Inc., down 49 percent to P33...
Cebu Air Inc., operating under the Cebu Pacific brand, has increased its stake in 1Aviation Groundhandling Services Corporation (1AV) to a controlling 60 percent through a debt-to-equity conversion. In a disclosure to the Philippine Stock Exchange, the airline said it has signed a Deed of...
Cebu Air Inc., the Philippines’ leading carrier operating as Cebu Pacific Air, reported a 5.4 percent dip in its net income for the first half of 2024 to P3.55 billion from the P3.75 billion earned in the same period last year mainly due to lower tax benefits. In a disclosure to the Philippine...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group and one of the country’s leading conglomerates, reported that its core profits flew 129 percent to P14.9 billion for the first nine months of 2023 from P6.5 billion in the same period last year due to the record performance of...
JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the final price range for its planned P12.5 billion rights offering of convertible preferred shares at P38.00 per entitlement right. In a disclosure to the Philippine Stock Exchange, Cebu Air said it is offering 328.95 million...
