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Cebu Pacific reviews fleet plans and orders

Cebu Pacific is currently reviewing its long term fleet plans and has also begun discussion with suppliers “to establish flexibility to adapt to current events," a report from FlightGlobal shows.

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Cebu Air, the parent company of Cebu Pacific, will also defer previously planned aircraft capital expenditures in anticipation of lower aircraft utilization in the future due to the fall of air travel demand. This capital expenditure will be reduced from PhP 28 billion or US$552 million to about PhP 13 billion.

The airline has a total orderbook of 58 aircraft which include 37 A321neo (including the XLR), 5 A320neo, and 16 A330neo. It has a total of 55 aircraft currently operating in its fleet.

Its subsidiary CebGo has 3 ATR 72-600 on order with currently 21 aircraft operating in its fleet. All-in-all, the Cebu Pacific group has a total of 76 aircraft currently in service and 61 in order.

Cebu Air however enjoyed a "remarkable" 2019. Passenger numbers grew 11% while load factor gained nine percentage points to 86.4%. Total revenue went up to PhP 84.8 billion and net income doubled from PhP 3.9 billion in 2018 to PhP 9.1 billion in 2019.

However in 2020, the airline posted an operating loss of PhP 693 million or US$13.7 million on the first quarter brought by the downfall of passenger air travel demand due to the CoviD-19 pandemic. The budget airline suspended commercial passenger flights in March and looks to resume flights again in June depending on government imposed travel restrictions and bans.

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