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Cebu Air Inc., the operator of Cebu Pacific and Cebgo, said Tuesday it expects to fly 22 million passengers this year, down from an earlier forecast of 24 million passengers.
Data from Civil Aeronautics Board showed that Cebu Pacific carried 8.5 million domestic and international passengers in the first half of 2023. Szucs said the company was expecting to return to profitability this year despite the reduction in passenger growth.The airline posted a net income of P3.74 billion in the first half of the year, a reversal from the P9.5-billion net loss in the same period last year.
“In the coming week or two, we will formally launch the request for proposal and may the best man win. It will be one or the other, we’re not gonna split it between the two. It could be that we order a whole load of new Airbus again, or it could be that we order a whole load of Boeing. We would think three to six months would be the whole process, hopefully,” he said.
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