SINGAPORE—Despite an overall static outlook for business across the region, Manila-based LCC Cebu Pacific (Cebu) has recorded a 19.7% increase in passenger numbers for Q2 2014, to 4.7 million in total, in addition to 3.8 million passengers in Q1 2014. The airline also managed to boost load factors by 1.4%, averaging an 88% factor. Together, these resulted in a PHP3 billion ($68.5 million) net income for H1 2014, a significant rise from the previous year’s $6.3 million. Part of ...
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