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CEBU PACIFIC said Wednesday that it would have to continue its effto boost air travel as the budget airline cannotfford to wait for a coronavirus vaccine.
“I think we cannot afford to wait for the vaccine to arrive before we start ripping off.beFlying again due to the impact of travel and tourism on the economy, ”said Candice A. Iyog, vice president of marketing and customer service for Cebu Pacific, in a virtual forum Wednesday.
He said the low-cost carrier, operated by Cebu Air, Inc., is “finding the right balance based on the information it has, based on the technology, and based on what it currently has so that it can now start calibrating. and getting closer to their peers. “
On Monday, Cebu Air Chairman and CEO Lance Y. Gokongwei told a briefing at the Palace that “the airline industry is really under severe stress.”
“This year we will lose almost P25 billion. But I think that’s part of doing business, “he added.
Mr. Gokongwei said the company’s top priority for now is to operate the airline “in a very safe way for both its passengers and its employees” in order to regain people’s confidence in flying amid the pandemic. .
The low-cost carrier also announced Wednesday that it will offer the sale of its trademark “floor” seats from December 10-12 for travel from August 1 to November 30 next year.
“Many of us are looking forward to experiencing the wonders of travel again, especially now that we are seeing more domestic destinations reopen to tourists. We firmly believe that the holiday season is the perfect time to share this gift with every Juan, ”said Ms. Iyog.
Cebu Air’s net loss for the third quarter of the year widened to P5.54 billion from the loss of P375.67 million it incurred a year earlier, primarily as a result of low passenger occupancy.ffiC.
Its revenue for the third quarter fell 89.4% to P2.01 billion.
Cebu Air shares closed at P51.35 apiece on Wednesday, gaining five cents or 0.10%. – Arjay L. Balinbin
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