Prolonged Pandemic Deals Cebu Pacific A Nearly Half-Billion Loss
Credit: Chen Chuanren
LCC Cebu Pacific reported a PHP22.2 billion ($458 million) net loss for 2020 as the Philippines struggles to fully suppress the coronavirus pandemic. The airline reported its December 2020 daily flight numbers reached only 20% of pre-pandemic levels, equivalent to nearly 76 flights daily. Cebu...
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