Cebu Pacific “hopeful” of profit in 2009

Cebu Pacific stated it expects a 28% increase in revenue in 2009, to PHP25 billion (USD502 million), on expectations of an improved operating environment and increased demand. The carrier also stated it is “hopeful” it will report a profit in 2009. [985 words]

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This report contains the following subheadings:

• Expands both domestic and international networks
• Expanding operations from Cebu
• Considering introducing Philippines-Middle East services
• Removes fuel surcharge from airfares
• To reduce Manila-Osaka airfares
• Opens reservation system to corporate clients
• To introduce baggage interception fee

This report contains the following charts and tables:

• Cebu Pacific Route Network: Mar-09