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Cebu Pacific's new A321neo

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<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/1719986594383airbus neo321 cebpac.jpg" style="width:950px" class="fr-fic fr-dib"/><span class="fr-inner" style="text-align:left">Cebu Pacific&#x27;s new A321neo. <em>Handout</em></span></span></span></div><div><br/></div><div><br/></div><p>MANILA — Cebu Pacific has just gotten its 7th new airplane delivery for 2024.</p><p>The new aircraft is an A321neo, a fuel-efficient airplane that arrived at the Ninoy Aquino International Airport on June 30.</p><p>In a statement, Cebu Pacific said Airbus NEOs burn 15 percent less fuel per flight compared to earlier airplane models. </p><p>Less fuel consumption means fewer aircraft carbon emissions.  </p><p>The budget carrier said this move will help them carry more passengers to different parts of the Philippines and beyond.</p><p>Cebu Pacific on Tuesday said it is buying <span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">152 A321neo aircraft for $24 billion, or around P1.4 trillion.</span></p><div><span id="isPasted"><a href="https://news.abs-cbn.com/business/2024/7/2/cebu-pacific-buying-152-airbus-planes-at-p1-4-trillion-1610">Cebu Pacific seals &#x27;largest deal&#x27; in PH aviation, to buy 152 Airbus planes at P1.4 trillion</a></span></div><div><span id="isPasted"></span><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/y3KybPGlhRY?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">Cebu Pacific reversed a P14 billion loss in 2022 to make P7.9 billion in net income in 2023 on the back of stronger demand for air travel. </p><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The airline said it flew over 20 million passengers on more than 140,000 flights in 2023, up 41 percent and 31 percent, respectively, from 2022 figures.</p><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">The company also earlier said its net income doubled in the first quarter of the year as travel demand remained strong.</p><p style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial">Net income grew to over P2.2 billion in the first three months of 2024, higher by 108 percent over the same period last year.</p><div style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"><a href="https://news.abs-cbn.com/business/2024/3/26/cebu-pacific-back-in-black-lifts-jg-summit-net-income-in-2023-1756">Cebu Pacific back in black, lifts JG Summit net income in 2023</a></div><div style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial"><span id="isPasted" style="color:rgb(0, 0, 0);letter-spacing:normal;orphans:2;text-align:start;text-indent:0px;text-transform:none;widows:2;word-spacing:0px;-webkit-text-stroke-width:0px;white-space:normal;text-decoration-thickness:initial;text-decoration-style:initial;text-decoration-color:initial;display:inline !important;float:none">In July 2023, Cebu Pacific announced that its fleet was expanding, after it faced complaints over flight delays and cancellations. </span></div><div><br/></div>

Cebu Pacific gets 7th new airplane for 2024

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Cebu Pacific gets 7th new airplane for 2024

ABS-CBN News

Published Jul 03, 2024 02:50 PM PHT

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