Budget airline Cebu Pacific said Friday it has increased its domestic market share to 57% last year, cementing its position as a leading carrier.
Citing data from the Civil Aeronautics Board, Cebu Air Inc., the operator of Cebu Pacific, said its domestic market share last year was five percentage points higher than the 53% market share it booked during the pre-pandemic 2019.
Including its international operations, Cebu Pacific said it flew over 14.8 million passengers last year, up 335% year-on-year with a seat load of 75%, which rose by 14.7 percentage points. Cebu Pacific said key destinations such as Japan, South Korea, and Taiwan also eased their travel restrictions during the fourth quarter of 2022, enabling the airline to accelerate recovery of its international network.
Cebu Pacific said it will lease five aircraft in 2023 to address capacity and growing passenger demand.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cebu Pacific flew almost 13.5 million domestic passengers in 2022That's 312% higher compared to the previous year.
Read more »
Death toll from rail disaster rises to 57 as anger boils in GreeceAnger in Greece over poor railway safety grew on Thursday as the death toll from one of the country’s worst train crashes in recent years reached 57.
Read more »
Treasury: Gov’t fiscal deficit down to 7.3% of GDP in 2022The government’s fiscal deficit relative to the size of the economy declined last year amid higher state collections, the Bureau of the Treasury (BTr) reported Wednesday.
Read more »
Megaworld exceeds targets, nets P14.4 billion in 2022Megaworld Corporation plans to launch more townships and expand to other cities in 2023.
Read more »
Security Bank 2022 net profit up 53%Core business growth, along with lower credit provisions, boosted the net profit of Security Bank Corp. by 53 percent to P10.6 billion in 2022. Based on the bank’s statement on Wednesday, total
Read more »