Cebu Pacific Air earned a PHP1.82 billion ($37.1 million) profit in the first half of 2009, putting it on course to improve upon the PHP15.7 million loss suffered in 2008, the Philippine carrier said. Half-year revenue rose 21.3% year-over-year to PHP11.39 billion as the airline took delivery of A320s and ATR 72-500s and added routes, frequencies and capacity. "We are very happy that despite the economic recession and the dynamic changes in foreign exchange and fuel costs, we remain a ...

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