Cebu Pacific to launch Laoag flights in May
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Budget carrier Cebu Pacific is set to mount flights to the Ilocos Norte capital of Laoag starting May 22, making it the 35th domestic destination in the airline’s network.
Cebu Pacific said flights from Manila to Laoag will be daily, as the airline seeks to tap travelers seeking to explore the Ilocos region.
“Laoag plays a crucial role in preserving the country’s rich history and culture, and we are excited to finally be able to bring more Juans to this beautiful city,” President and Chief Commercial Officer Xander Lao said in a statement.
“We hope the launch of the Laoag route will encourage more people to travel and experience the Ilocos region,” he added.
The carrier reported a P14-billion net loss in 2022, marking an improvement from the P24.9-billion net loss incurred in the previous year as it cut its operating loss by about half to P11.4 billion.
The company is set to add 11 more aircraft to its fleet this 2023, seeking to return to profitability within the first quarter of the year.
Shares in Cebu Air Inc., which operates the carrier, were trading up by P0.05 or 0.12% at P41.70 apiece as of 11:59 a.m. on Wednesday.
Questions & Answers
Q.What date will Cebu Pacific begin its new flights to Laoag?
What date will Cebu Pacific begin its new flights to Laoag?
Cebu Pacific is scheduled to commence flights to Laoag starting on May 22. This new route will make Laoag the 35th domestic destination within the airline's network, offering daily services from Manila to the Ilocos Norte capital.
Q.What financial performance did Cebu Pacific report for the previous year?
What financial performance did Cebu Pacific report for the previous year?
Cebu Pacific reported a net loss of P14 billion in 2022. This represents an improvement compared to the P24.9 billion net loss recorded in the previous year, with the company also reducing its operating loss by approximately half.
Q.How many new aircraft does the airline plan to add to its fleet this year?
How many new aircraft does the airline plan to add to its fleet this year?
The airline plans to add 11 new aircraft to its fleet during 2023. This expansion is part of the company's strategy to return to profitability, with the aim of achieving this within the first quarter of the year.
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