Cebu Pacific Profits Fall As Traffic Slips, Fuel Costs Rise

Credit: Rob Finlayson
Philippines LCC Cebu Pacific posted a PHP518.4 million ($9.6 million) loss for the 2018 third quarter, reversed from a PHP42.1 million profit a year ago. Cebu’s third-quarter result marked the first time the Philippines’ largest carrier saw red in its quarterly results for 2018. Total revenue from...

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