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Cebu Pacific expects to post a net loss in challenging 3Q08

9-Sep-2008

Cebu Pacific stated it expects to post a net loss in 3Q08, with high fuel costs currently a significant threat to the carrier’s profitability. Fuel currently accounts for approximately 60% of the carrier’s total costs. [1264 words]

Unlock the following content in this report:

Subheadings:

  • On track to achieve 7 million passenger target in 2008
  • Offers new hand luggage only fares; lower baggage allowance
  • The wait is over: to establish fourth Philippine hub at Clark
  • To base two more ATR72-500s at Cebu as domestic network expands
  • Seeking to expand Thai network

Graphs and data:

  • Fuel cost as a percentage of total operating costs
  • Cebu Pacific destination map: Sep-08
  • Cebu Pacific international capacity share (seats) by country: Week commencing 28-Jul-08
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