Connect with us

Hi, what are you looking for?

News

Cebu Pacific says fares still lower vs pre-pandemic despite higher fuel surcharge

CEBU Pacific, operated by Cebu Air, Inc., said it is keeping its fares cheaper this year than they were in 2019, or before the pandemic, in an effort to sustain its recovery by increasing passenger volume and flight frequencies.

The Civil Aeronautics Board approved the budget carrier’s application for a higher fuel surcharge at Level 11 in July, up from Level 7 in June, according to airline representatives.

Cebu Pacific domestic fares were 26% cheaper in the second quarter of 2022 than they were in the same period in 2019, or prior to the pandemic, Candice A. Iyog, vice-president for marketing and customer experience, told reporters on Wednesday.

In comparison to the same month in 2019, she said, July domestic fares are down by 9%.

Asked how the airline manages to keep its fares lower despite the higher fuel surcharge, Cebu Pacific Chief Financial Officer Mark V. Cezar said they absorb some of the costs. “We have to subsidize.”

Under Level 11, the fuel surcharge per passenger ranges from P335 to P1,038 for domestic flights and from P1,172.07 to P8,714.84 for international flights.

“We remain committed to offering the lowest fares across our network, and we are encouraged by past seat sale success rates so we will continue to stimulate travel through our promo fares,” Cebu Pacific Chief Commercial Officer Xander Lao said.

The airline fully restored its pre-pandemic domestic capacity in April, its officials said. “The airline surpassed its December 2019 level for domestic capacity, as it (registered) 109% restoration in (the first week of) July 2022.”

Mr. Lao said this development has also boosted Cebu Pacific’s cargo service.

The budget carrier currently operates an average of 340 flights a day, covering 34 domestic and 18 international destinations. This is equivalent to around 64,000 seats offered in a day, the airline said.

The airline also announced on Wednesday a “special 7.7 sale” from July 7 to 11. One-way domestic flights are offered for as low as P188. Travel period is from Sept. 1, 2022, until Jan. 31, 2023.

Its international seat sale for the same travel period starts at P499 one-way. Destinations include South Korea, Singapore, Hong Kong, Taipei, Hanoi, Ho Chi Minh, and Bangkok. — 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

News

The Filipino spirit of giving remains in full force as people prepare for Typhoon Karding which is moving towards the Philippine Area of Responsibility....

Editor’s Pick

Immigration rules are set to be loosened as part of Liz Truss’s mission to boost growth. The Prime Minister is expected to expand the...

News

REUTERS KYIV — The United States warned on Sunday of “catastrophic consequences” if Moscow uses nuclear weapons in Ukraine, after Russia’s foreign minister said...

News

South Korean President Yoon Suk-yeol. — REUTERS SEOUL — South Korean President Yoon Suk-yeol said on Monday “untrue” media reports over his remarks threatened...

News

STOCK PHOTO Image by Stefan Schweihofer from Pixabay TOKYO — The British pound tumbled nearly 5% to an all-time low on Monday as investors...

News

Follow us on Spotify BusinessWorld B-Side Nuclear energy has a bad reputation in the Philippines. That the Bataan Nuclear Power Plant is unfit and unsafe...

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

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

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

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.