Connect with us

Hi, what are you looking for?

News

Cebu Pacific expects to operate 84% of pre-COVID domestic capacity in 2022

NATIONAL vaccination campaign among the drivers of budget carrier’s optimism. — CEBUPACIFICAIR.COM

BUDGET carrier Cebu Pacific announced on Tuesday that it remains “cautiously optimistic” about the prospects for 2022 despite the threat of the Omicron coronavirus variant, saying it expects to operate 84% of its pre-pandemic domestic capacity.

The airline, which currently operates above 60% of its pre-pandemic domestic network and capacity, anticipates meeting increased travel demand in the coming year with the addition of six new aircraft to its fleet.

“We are forecasting that for… 2022, we would probably be at about 84% of our outputs in 2019, as far as the domestic network is concerned,” Cebu Pacific Head of Strategy Alex B. Reyes said at a virtual briefing.

“One of the drivers for this optimism is really the national vaccination campaign,” he added.

Aviation think tank Center for Asia Pacific Aviation (CAPA) said the emergence of the Omicron variant of the coronavirus disease 2019 (COVID-19) has caused many countries in the Asia-Pacific region to adjust their border settings.

“If they go further down this path in coming weeks, it could derail promising signs of recovery in the airline and travel industries,” CAPA said in its analysis released on Dec. 4.

Mr. Reyes expects that there will be a “slower recovery on the international side.”

“We think that for the full year, we will only be at about 39% of our seats restored compared to 2019,” he noted.

In 2020, the Philippines received 1.32 million foreign visitors, down from 8.26 million in 2019, with Japan, South Korea, and China being the country’s top tourism markets.

Cebu Pacific has increased flights to key domestic destinations such as Boracay, Bohol, Cebu, Cagayan de Oro, Davao, and General Santos in anticipation of increased travel demand as a result of the easing of restrictions.

“For international destinations, Cebu Pacific will also resume its operations to Fukuoka every Tuesday starting today, Dec. 7; to Bangkok every Thursday and Saturday, starting Dec. 11; and to Taiwan every Wednesday, starting Dec. 15,” it said.

The airline received two A321neos, an A330, and an A320 this year.  “Another A330neo, along with the ATR 72-600, are expected to arrive,” Mr. Reyes said.

“At this point, we want to emphasize that while times have been extremely challenging, we have to continue our work to transform our fleet. We want to position our airline for the greener future,” he added. — Arjay L. Balinbin

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

UK pubs missed out on a staggering £155 million summer World Cup boost, new analysis has revealed. The hospitality sector was already among the...

Editor’s Pick

Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to...

News

LOCAL STOCKS are expected to move sideways on Friday on tepid market activity as investors wait for the release of November US inflation data...

Editor’s Pick

The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around...

News

SPEAKER Martin G. Romualdez during the opening of the 19th Congress at the House of Representatives in Quezon City on July 25. — PHILIPPINE...

News

PHILSTAR FILE PHOTO/ RELEASE JBROS CONSTRUCTION CORP. By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.