Cebu Pacific operator widens losses on higher expenses

Higher expenses, which was magnified by a one-off loss, sunk the operator of Cebu Pacific further into red territory in the first quarter despite its total revenues growing more than twofold as passenger volume rose. Cebu Air reported on Thursday its net losses widened to P7.61 billion in the first quarter from P7.3 billion year-on-year. … Continue reading Cebu Pacific operator widens losses on higher expenses