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Cebu Pacific expects loss in 2008; “hopeful” of profit in 2009


Cebu Pacific stated it expects to report a loss in 2008, on higher fuel costs and foreign exchange losses, despite a 30% increase in revenue and 20% increase in passenger numbers. [871 words]

Unlock the following content in this report:


  • Defers IPO...again; but to continue fleet expansion programme
  • Transports 6.7 million passengers in 2008; targeting 9.3 million passengers in 2009
  • Corners Philippine domestic market in 2008
  • Expands domestic services
  • ... and international operations too

Graphs and data:

  • Cebu Pacific fleet plan: 2009 (remainder) to 2011
  • Cebu Pacific traffic highlights for 2008
  • Cebu Pacific destination map: Feb-09
  • Philippine domestic market share: 2008
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