Cebu Pacific profit skyrockets with higher passenger volume

Budget carrier Cebu Pacific Air and its wholly owned subsidiary, Cebgo (formerly Tigerair Philippines), generated a net income of P2.2 billion in the first…

Local LCC market gains from consolidation, says think tank

AFTER a period of rapid fleet expansion that has led to overcapacity, the Philippines’ low-cost carriers (LCCs) are seeing slower growth in 2013, as…