CEBU Pacific on Wednesday said that it had taken delivery of its 11th aircraft for the year as part of a commitment to expand its network and provide accessible air travel. The Gokongwei-led airline said the 180-seater A320neo arrived at the Ninoy Aquino International Airport (NAIA) last Friday, September 13. "We're thrilled to welcome another aircraft to our growing fleet," said Xander Lao, CEB president and chief commercial officer. "This delivery supports our commitment to making air travel more accessible and can help us serve upcoming route launches in October, including Davao to Puerto Princesa and Hong Kong." Airbus NEOs are the latest-generation aircraft that burn 15 percent less fuel per flight and produce less noise compared to the previous generation. The reduction in fuel consumption leads to a corresponding reduction in aircraft carbon emissions. Cebu Pacific posted a net income of P3.54 billion in the January to June period, down from P3.74 billion in the same period last year. Revenues amounted to P51.4 billion, up 18.1 percent from last year's P43.55 billion. The budget carrier has said it is confident of exceeding its target of 24 million passengers by the end of 2024, given upcoming new routes and increased availability of aircraft by the fourth quarter. Cebu Pacific operates one of the youngest fleets in the world, with its diversified commercial fleet mix of nine Airbus 330s, 40 Airbus 320s, 22 Airbus 321s, and 15 ATR turboprop aircraft, enabling the widest network coverage in the Philippines. Shares of Cebu Pacific operator Cebu Air Inc. rose 4.75 percent to P33.10 each on Wednesday while the benchmark Philippine Stock Exchange index slipped by 0.27 percent. Read The Rest at :