Philippine-based low-cost carrier (LCC) Cebu Pacific Air reported a PHP4.4 billion ($93.6 million) net profit in 2015, a fivefold increase over a PHP85.3 million net profit in 2014. An airline spokesperson JR Mantaring said Cebu had seen a significant growth in passenger numbers as part of the Philippines’ “dynamic market … growing exponentially in the last two decades,” along with overall expansion boosted by support from “airline regulators and ...

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