Cebu Pacific net income down 86% in 2013

Credit: Courtesy, Airbus
Philippine low-cost carrier (LCC) Cebu Pacific reported net income of $11.5 million for 2013, down 86% from $80 million in 2012. Cebu president and CEO Lance Gokongwei said 2013 was a difficult financial year. The carrier reported a 50.4% market share in the domestic Philippine market, together with...

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