Business Round-Up
Cebu Pacific revenue jumps
September 1st 2014
Energetic budget carrier, Cebu Pacific, has reported a second quarter income of three billion pesos (US$69 million) compared with 257 million pesos a year ago. Read More » Cebu Pacific said the results include Tigerair Philipines, which it acquired last year. Increased passenger traffic, industry consolidation and better yields from its new long haul destinations produced the income surge, Cebu said. More passengers also increased ancillary revenue, said Cebu, which is predicting 6% year on growth for 2014-2015.
