Cebu Pacific expects loss in 2008; “hopeful” of profit in 2009

Cebu Pacific stated it expects to report a loss in 2008, on higher fuel costs and foreign exchange losses, despite a 30% increase in revenue and 20% increase in passenger numbers. [871 words]

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This report contains the following subheadings:

• Defers IPO...again; but to continue fleet expansion programme
• Transports 6.7 million passengers in 2008; targeting 9.3 million passengers in 2009
• Corners Philippine domestic market in 2008
• Expands domestic services
• ... and international operations too

This report contains the following charts and tables:

• Cebu Pacific fleet plan: 2009 (remainder) to 2011
• Cebu Pacific traffic highlights for 2008
• Cebu Pacific destination map: Feb-09
• Philippine domestic market share: 2008