Domestic Air Travel Seen Recovering

Domestic aviation is on an uptrend as airlines such as Cebu Pacific (PSE: CEB) and Philippine Airlines (PSE: PAL) lead the way in terms of fleet expansion.

All domestic carriers tracked by the Civil Aeronautics Board (CAB) carried about 20.35 million passengers in terms of domestic scheduled flights in 2014. Although the growth rate was almost flat, or an increase of just 0.07 percent, this was coming from a decline in 2013, when domestic aviation fell about 1.14 percent year-on-year.

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Source: Philippine Daily Inquirer

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