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...
Cebu Air Inc., the firm behind carrier Cebu Pacific, has set the price range for its planned P12.5 billion rights offering of convertible preferred shares mainly to pay for debt. In a disclosure to the Philippine Stock Exchange, Cebu Air said the offer price range for...
Cebu Air Inc., the carrier operating under the name Cebu Pacific (CEB), has secured the approval of its shareholders for plans to raise about US$500 million from the issuance of convertible bonds and preferred shares. In disclosures to the Philippine Stock Exchange, the firm said its...
