A Cebu Pacific plane takes off at the Ninoy Aquino International Airport in Manila. The airline has reported impressive increases in passenger numbers. Noel Celis / AFP
A Cebu Pacific plane takes off at the Ninoy Aquino International Airport in Manila. The airline has reported impressive increases in passenger numbers. Noel Celis / AFP

Philippine airline Cebu Pacific tops 10 million passengers mark



The Philippines airline Cebu Pacific flew in excess of 10 million passengers from January to June this year, an increase of 9 per cent over the same period in 2015.

On average, flights were 87 per cent full during these months, said Cebu, the only low-cost carrier that flies directly from Dubai to the Philippines capital Manila.

For June alone, Cebu flew a total of 1.6 million passengers, up by 8 per cent from the 1.5 million passengers flown in the same month in 2015.

The upsurge in passenger volume was primarily driven by popular domestic destinations in Visayas and Mindanao such as Kalibo, Tacloban, Siargao, and Tagbilaran, Cebu said.

Long-haul passengers to and from Cebu’s destinations in the Middle East and Australia likewise contributed to the upturn, after posting a substantial increase in volume from January to June 2016 versus the same period last year, the airline said, without providing figures.

Key international short-haul destinations including China, Taiwan, Hong Kong, and Singapore, also fared well during the first half of 2016. Passengers to and from Japan, in particular, spiked by 21 per cent as a result of the launch of Cebu–Tokyo (Narita) in March 2015 and Manila–Fukuoka in December 2015.

“We are very proud to share with you that since CEB’s inception in 1996, our passengers now number more than 130 million and counting. These promising figures encourage us to cater to the growing travel demand not just in Manila, but throughout our six strategic hubs nationwide. We are optimistic that with the support of relevant airport and government authorities, we can continue offering our trademark lowest fares to even more Filipino travellers in the years to come,” said J R Mantaring, Cebu’s vice president for corporate affairs.

The airline reported a net income of 4.4 billion pesos (Dh343.4 million) in 2015, a growth of 414 per cent from the previous year, propelled by robust passenger and cargo revenues, and lower operating expenses.

Cebu’s total revenues went up by 8.7 per cent to 56.5bn pesos, on the back of sustained growth in passenger volume on key domestic and international destinations. The airline’s improved presence in emerging markets, supported by a conservative fleet expansion plan, also contributed to the upward trend, it said.

The carrier’s network spans Asia, Australia, the Middle East, and the United States. It recently announced three new routes from Cebu Island in the south of the country to Calbayog, Ormoc and Roxas, bringing its total number of domestic destinations to 36. It also currently flies to 30 international destinations, including Dubai, Incheon, Guam, Tokyo, and Sydney.

Cebu’s 57-strong fleet is comprised of seven Airbus A319s, 36 A320s, six A330s and eight ATR 72-500 aircraft. Between 2016 and 2021, It expects delivery of 32 A321neos and 16 ATR 72-600 aircraft.

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Teaching your child to save

Pre-school (three - five years)

You can’t yet talk about investing or borrowing, but introduce a “classic” money bank and start putting gifts and allowances away. When the child wants a specific toy, have them save for it and help them track their progress.

Early childhood (six - eight years)

Replace the money bank with three jars labelled ‘saving’, ‘spending’ and ‘sharing’. Have the child divide their allowance into the three jars each week and explain their choices in splitting their pocket money. A guide could be 25 per cent saving, 50 per cent spending, 25 per cent for charity and gift-giving.

Middle childhood (nine - 11 years)

Open a bank savings account and help your child establish a budget and set a savings goal. Introduce the notion of ‘paying yourself first’ by putting away savings as soon as your allowance is paid.

Young teens (12 - 14 years)

Change your child’s allowance from weekly to monthly and help them pinpoint long-range goals such as a trip, so they can start longer-term saving and find new ways to increase their saving.

Teenage (15 - 18 years)

Discuss mutual expectations about university costs and identify what they can help fund and set goals. Don’t pay for everything, so they can experience the pride of contributing.

Young adulthood (19 - 22 years)

Discuss post-graduation plans and future life goals, quantify expenses such as first apartment, work wardrobe, holidays and help them continue to save towards these goals.

* JP Morgan Private Bank 

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Since then, a handful of people acting as a skeleton crew, have performed rudimentary maintenance work to keep the Safer intact.
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The Safer’s environmental and humanitarian impact may extend well beyond Yemen, experts believe, into the surrounding waters of Saudi Arabia, Djibouti and Eritrea, impacting marine-life and vital infrastructure like desalination plans and fishing ports. 

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COMPANY PROFILE

Company: Olive Gaea
Started: 2021
Co-founders: Vivek Tripathi, Jessica Scopacasa
Based: Dubai
Licensed by: Dubai World Trade Centre
Industry: Climate-Tech, Sustainability
Funding: $1.1 million
Investors: Cornerstone Venture Partners and angel investors
Number of employees: 8