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Higher spending drags Cebu Pacific profit
The Philippine Star
|May 10, 2025
The earnings of low-cost carrier Cebu Pacific fell below P500 million in the first quarter on higher operating and interest expenses.
Cebu Pacific's parent Cebu Air Inc. yesterday reported a net income of P466 million for the first quarter, down by 79 percent from P2.24 billion in the same quarter last year.
The budget airline booked a 20-percent hike in revenue to P30.42 billion, but this gain was erased by a 26-percent increase in expenses to P28.46 billion.
Bu hikaye The Philippine Star dergisinin May 10, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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