Cebu City—(PHStocks)—Cebu Air Inc. (PSE: CEB) has adopted a dividend payment policy of approximately 20% of the previous year’s earnings per share. The Board of Directors of Cebu Air Inc. has adopted a dividend policy to pay an annual dividend of approximately 20% of the previous year’s recurring earnings per share (per audited consolidated financial […]
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Cebu City—(PHStocks)—Cebu Pacific Air (PSE: CEB) will suspend its service to and from the following destinations: Riyadh, Saudi Arabia; Kuwait; and Doha, Qatar. CEB will fly the last of its four-times-a-week service from Manila to Kuwait on June 13, 2017, and its Kuwait-Manila flight on June 14, 2017. The thrice-weekly Manila-Doha-Manila route will have its last […]
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Cebu—(PHStocks)—The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB), signed a forward sale agreement with a subsidiary of Allegiant Travel Company (NASDAQ: ALGT), covering Cebu Pacific’s sale of four Airbus A319 aircraft. Allegiant is the parent company of Las Vegas-based low-cost airline, Allegiant Air. Delivery of the four aircraft to Allegiant is scheduled from 2017 […]
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Gokongwei-led JG Summit Holdings Inc. (PSE: JGS), owner of dominant budget airline Cebu Air Inc. (PSE: CEB), is open to partnering with San Miguel Corp. (PSE: SMC) should the government approve the latter’s proposed $10-billion international airport in Manila Bay, company president Lance Gokongwei said. The planned airport, which was recently presented to President Aquino but still requires […]
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Manila—(PHStocks)— Philippine stocks ended lower on Monday, 15 April, as investors cash in on their gains after the market posted another record high last Friday, 12 April. The Philippine Stock Exchange (PSE) index shed 0.78% or 53.66 to close at 6,837.77 as investors lock their profits after the rally. All counters are in the red, […]
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PHStocks has compiled a list of the top 50 gainers for the month of March 2013. The percent growth is based on the closing prices of stocks on February 28 and March 27. 1. Filipino Fund Inc. (PSE: FFI): PhP23.45, +95.42% 2. Touch Solutions Inc. (PSE: TSI): PhP19.20, +35.21% 3. Sta. Lucia Land Inc. (PSE: […]
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Pasay—(PHStocks)—Cebu Pacific Air Inc. (PSE: CEB) unveils its two newest island destinations: Camiguin in Northern Mindanao and Masbate in the Bicol Region, with a PhP1 seat sale. The airline will launch direct flights from Cebu to Camiguin on April 15, 2013, and from Cebu to Masbate on June 1, 2013, using CEB’s ATR 72-500 aircraft fleet. CEB […]
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Pasay—(PHStocks)—Cebu Pacific Air Inc. (PSE: CEB) flew 13.26 million passengers from January to December 2012, an increase of 11% over 11.93 passengers in 2011. CEB attributes this increase to strategic expansion in its domestic and international operations in 2012. It launched direct flights from Manila to Hanoi, Siem Reap and Xiamen, as well as from Cebu to Bangkok and Kuala […]
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