Philippine-based low-cost carrier (LCC) Cebu Pacific Air posted a PHP9.8billion ($196.4 million) net profit in 2016, more than doubling the company’s PHP4.4 billion net income reported in 2015. Cebu attributed the growth to increased passenger demand and growth in ancillary revenues. The airline opened up new intra-regional routes during the year in the Visayas island region of the country, as well as service between the western Visayas city of Kalibo and Incheon, South Korea and ...

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