BUDGET carrier Cebu Pacific (CEB) said it is aiming to turn profitable in the first quarter of this year as it is set to restore pre-pandemic network and capacity levels by March. READ:
BUDGET carrier Cebu Pacific said it is aiming to turn profitable in the first quarter of this year as it is set to restore pre-pandemic network and capacity levels by March.
CEB is hoping to be profitable for the full year, citing the strengthening of the local currency as among the drivers. To meet this target, CEB will be offering seat sales, widening its domestic network, and reinstating all international destinations including Melbourne, Macau, Shanghai, Shenzhen and Xiamen.
“Obviously, it’s not a great experience for those that were impacted [but it quickly normalized the day or days after] … I think it is what it is, [we] dealt with it and it won’t impact our recovery,” Mr. Lao said.
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