Philippines LCC Cebu Pacific posted a PHP518.4 million ($9.6 million) loss for the 2018 third quarter as rising costs, a weak peso against the US dollar and fleet expansions took their toll. Cebu, which posted a PHP4.2 million net profit for the same period in 2017, saw revenue of PHP16.2 billion for the quarter ending September 30, but operating costs during the same period were PHP16.8 billion. The airline also saw a slight 0.5% drop in passengers to 4.75 million. For the first nine ...

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