Philippine low-cost carrier Cebu Pacific Air reported second-quarter net income of PHP3 billion ($69 million), up significantly from the PHP257 million reported for the same period last year. Total revenue for the quarter increased 33.7% to PHP14.95 billion year-over-year. Second-quarter passenger revenues grew 36.3% to PHP12 billion and average yield per passenger was up 12.6%. Cebu Pacific VP-corporate affairs attorney Jorenz Tañada said: “Cebu Pacific Air’s net income ...

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