Cebu Pacific loses P1.18 billion in Q1 of 2020

Play this here or on Spotify or on iTunes

Piso Fare Promo - The COVID19 pandemic has caused the low cost airline, Cebu Pacific a net loss of about Php 1.18 billion in the 1st Quarter of the year 2020. That is around 135% sharp drop in earnings. This could be due to flight suspension for both their domestic and international routes.

Of course, more PROMOS you can find at the SIDE and TOP of this post. Feel free to click and check them. 



On wednesday, April 29, the company has posted a disclosure of the said net loss amounting to Php 1.18 billion to the Philippine Stock Exchange or PSE. The percentage drop is lower than Php 3.36 billion they earned a revenue on the same period being compared to the previous year.