6 months Cancellations to dent Cebu Pacific growth Manilatimes |Biz
SEVERAL flight cancellations announced by listed budget carrier Cebu Air Inc. is expected to temper its growth during the second quarter and full-year 2019, according to analysts. Gokongwei-led Cebu Air, which operates under the trade name Cebu Pacific, announced on Tuesday a second round of cancellations, affecting more than a hundred domestic flights. Aircraft shortage due to unscheduled technical repairs and increased flights from and to Manila were blamed for the cancellations. The first wave of cancellations was announced on Sunday, involving at least 22 roundtrip flights. Timson Securities Inc. trader Jervin de Celis said the cancellations would likely dent ... more