BUDGET carrier Cebu Pacific is seeking to expand its operations in China, a petition before the Civil Aeronautics Board (CAB) showed.
A filing to the regulator showed that the airline sought for the reallocation of 1,260 unused seat entitlements to China previously allotted to AirAsia Zest.
When approved, the carrier will then mount four additional flights to Guangzhou and three additional services to Beijing out of Manila.
The petition is set to be heard on Tuesday at the regulator’s headquarters in Pasay City.
Cebu Air Inc. saw profits rise by more than two thirds in the first semester of 2015, thanks to the savings generated from the declining price of jet fuel. The operator of budget carrier Cebu Pacific booked P5.2 billion in net profits during the first six months of the year, a 63.6-percent increase from the P3.18 billion the year prior.
In the same comparative periods, the company registered a 10.4-percent increase in revenues to P29.51 billion and a 1.2-percent decline in operating expenses to P23.47 billion.
The robust top line was fueled by the increase in passenger, ancillary and cargo revenues generated during the period. Cebu Pacific and sister airline Cebgo flew 9.2 million passengers during the six-month period, 8.2 percent more versus the 8.5 million customers in 2014.