Aircraft purchases put pressure on Cebu Pacific

Cebu Pacific saw its nine-month net income drop by 33 percent to P3.4 billion on aircraft-related spending. The budget carrier, however, saw its total revenues climb by 11 percent to P74.5 billion as passenger volume grew by 13 percent to 17.5 million. The Gokongwei-led airline, in a statement on Wednesday, explained “margin pressure was driven
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