Cebu Pacific (PSE: CEB), together with seven other market champions in Asia Pacific, today announced the formation of the world’s largest low-cost carrier (LCC) alliance – the Value Alliance.
Cebu Pacific, and its wholly owned subsidiary Cebgo, generated a net income of P4 billion from January to March 2016, an increase of 81% from the P2.2 billion earned in the same period last year.
Cebu Pacific signed a forward sale agreement with a subsidiary of Allegiant Travel Company, covering Cebu Pacific's sale of four Airbus A319 aircraft.
The only low-cost carrier operating between the Philippines and Guam, Cebu Pacific, is encouraged by recent statistics from the Guam Visitors Bureau (GVB) indicating that the Philippines is one of its fastest growing sources of visitor arrivals.
Cebu Pacific will add a frequency between Manila, Philippines and Doha, Qatar beginning July 9, 2016.