Cebu Pacific

Cebu Pacific
IATA ICAO Call sign
5J CEB CEBU AIR[1]
FoundedAugust 26, 1988; 36 years ago (1988-08-26)[2]
Commenced operationsMarch 8, 1996; 28 years ago (1996-03-08)
AOC #2009002[3]
Operating bases
Frequent-flyer programGo Rewards
AllianceValue Alliance
Subsidiaries
  • AirSWIFT
  • Cebgo
  • Cebu Pacific Cargo
  • Aviation Partnership Philippines
  • 1Aviation Groundhandling (60%)
Fleet size76
Destinations62 (including Cebgo)
Parent companyJG Summit Holdings
Traded asPSE: CEB
Headquarters
Key people
RevenueIncrease ₱90.60 billion (2023)
Operating incomeIncrease ₱8.6 billion (2023)
Net incomeIncrease ₱7.92 billion (2023)
Total assetsIncrease ₱187.18 billion (2023)
Total equityIncrease ₱4.78 billion (2023)
Employees3,046 (2021)[5][needs update]
Websitewww.cebupacificair.com
Notes

Cebu Air, Inc. (PSE: CEB), operating as Cebu Pacific (stylized in lowercase), is a Philippine low-cost airline based at Pasay in Metro Manila. Founded in 1988,[2] it is Asia's first low-cost airline and the Philippines' largest leading airline.[7][8][9] It offers scheduled flights to both domestic and international destinations. The airline operates flights from five bases in Cebu, Clark, Davao,[10] Iloilo, and its largest base in Manila.

With its low-cost business model and extensive destination network, Cebu Pacific became the Philippines' largest airline based on number of passengers flown on domestic and international routes in 2010, overtaking rival Philippine Airlines (PAL). According to Civil Aeronautics Board data, Cebu Pacific flew 2.45 million total passengers in the first quarter of 2010, nearly 110,000 more than PAL, which carried 2.34 million systemwide during the same period.[11][12]

The airline has been criticized for its frequent flight delays and cancellations, some without explanation, as well as alleged poor customer service, prompting investigations by the Philippine government.[13]

  1. ^ "JO 7340.2J Contractions" (PDF). Federal Aviation Administration. October 10, 2019. Retrieved November 19, 2019.
  2. ^ a b "Company Information; Cebu Air, Inc". Philippine Stock Exchange Inc. Retrieved May 14, 2020.
  3. ^ "ACTIVE/CURRENT AOC HOLDERS" (PDF). Civil Aviation Authority of the Philippines. May 30, 2019. Archived from the original (PDF) on May 18, 2023. Retrieved January 8, 2023.
  4. ^ "2015 Annual Report". Philippine Stock Exchange. Philippine Stock Exchange, Inc. Retrieved April 20, 2019.
  5. ^ Balinbin, Arjay L. (April 6, 2022). "Cebu Pacific says cash enough for next 18 months". BusinessWorld. Retrieved January 10, 2023.
  6. ^ "Annual Report". Philippine Stock Exchange. March 27, 2024. Retrieved March 28, 2024.
  7. ^ "Cebu Pacific Air SWOT: Asia's first LCC, Philippines market leader". Center for Aviation. August 25, 2018.
  8. ^ "Cebu Pacific Air". www.cebupacificair.com. Retrieved June 19, 2024.
  9. ^ Release, Press (March 1, 2024). "Cebu Pacific named Best Airline at Routes Asia Awards 2024". SunStar Publishing Inc. Retrieved June 19, 2024.
  10. ^ "Directory: World Airlines". Flight International. April 3, 2007. p. 62.
  11. ^ Thomas, Geoffrey (June 9, 2010). "Cebu Pacific Now Philippines' Largest Airline". Air Transport World. Archived from the original on May 29, 2013. Retrieved September 9, 2016.
  12. ^ "Philippine Airlines Struggling as Cebu Pacific Becomes Largest Carrier". Center for Aviation. September 3, 2010. Retrieved September 9, 2016.
  13. ^ Adel, Rosette (June 26, 2023). "Lawmaker seeks suspension of Cebu Pacific's franchise over flight woes". Philstar. Retrieved June 27, 2023.