Protracted Lockdown Widens Cebu Pacific H1 Loss

Cebu Pacific Airbus A321
Credit: Rob Finlayson
Nearly a year of perpetual lockdown and movement control restrictions in the Philippines has further dented Cebu Pacific earnings for the first half (H1) of 2021. The LCC saw its H1 revenue plunge 66% year-on-year (YOY) to PHP5.9 billion ($117 million). The unpredictable and “volatile nature” of the...

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