5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

Cebu Pacific shelves plan to resume China-Beijing flights

by
August 4, 2024
in Stock
0
Cebu Pacific shelves plan to resume China-Beijing flights
BW FILE PHOTO

CEBU PACIFIC will delay resuming its Manila-Beijing flights this year and will instead explore other routes, as travel demand to China has not yet recovered, according to the company’s president.

“No, I think [we will not do] Beijing. We will make the formal announcements, but we are going to be suspending that until further notice,” Cebu Pacific President and Chief Commercial Officer Alexander G. Lao told reporters last week.

Cebu Pacific was initially set to resume its Manila-Beijing route in 2023, but it was deferred to October this year.

“The demand to and from China, at least for us, has not been as robust compared to 2019,” Mr. Lao said.

The airline company previously offered flights to Beijing but stopped offering them due to restrictions imposed during the pandemic.

To date, it offers flights to Guangzhou, Shanghai, Shenzhen, and Xiamen.

Mr. Lao said the company’s plan to increase frequencies on its existing China routes will also be postponed for now.

“We have made a couple of network-related decisions lately. When we take a look at Da Nang and how successful it was, we then take a look at our network and ask what other opportunities are there,” he said.

In 2023, the budget carrier started operating direct Manila-Da Nang, Vietnam flights, three times weekly.

This year, it is also set to operate direct flights between Manila and Chiang Mai, Thailand, due to the market acceptance of its Da Nang route.

The company is exploring newer routes, both international and local, Mr. Lao said, adding that it was able to fly to fresh destinations as part of its redeployment strategy, as China’s market has yet to fully recover.

“Some of the additional flying we are seeing today is because we have reduced some of China [routes] and have redeployed the assets elsewhere. We do not think there will be a quick recovery in China,” he said.

For the year, the company has initially set a target of 24 million passengers, significantly higher than its 2023 passenger volume.

Last year, Cebu Pacific flew over 20 million passengers and operated more than 140,000 flights, representing increases of about 41% and 30%, respectively, from the previous year. — Ashley Erika O. Jose

Previous Post

AI firm secures $300m valuation in major US private equity deal

Next Post

Do you have what it takes to be a sim racing champ?

Next Post
Do you have what it takes to be a sim racing champ?

Do you have what it takes to be a sim racing champ?

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    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!

    Recommended

    Allied Care Experts (ACE) Medical Center-Palawan to hold Annual Stockholders’ Meeting on June 23 via Zoom

    Allied Care Experts (ACE) Medical Center-Palawan to hold Annual Stockholders’ Meeting on June 23 via Zoom

    May 9, 2025
    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    Bank of England governor urges UK to rebuild EU trade ties as key summit looms

    May 9, 2025
    The Power of No: Why, When and How to Say It

    The Power of No: Why, When and How to Say It

    May 9, 2025
    US trade deal is not a win for UK automotive industry

    US trade deal is not a win for UK automotive industry

    May 9, 2025

    Disclaimer: 5GInvestmentNews.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.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.