Cebu Pacific said Friday said it will revise downward its growth rate in 2024 on aircraft engine issues. The airline
Cebu Pacific said Friday said it will revise downward its growth rate in 2024 on aircraft engine issues.
Several airlines grounded some of their aircraft that could not be immediately serviced by P&W early this year. On Sept. 14, 2023, The Directorate General of Civil Aviation , India’s aviation regulator, asked P&W to identify the cause of engine damage in three incidents involving IndiGo flights and share data on engine failures globally.
Data from the Civil Aeronautics Board showed that Cebu Pacific carried 7.69 million domestic and international passengers in the first six months of 2023. The airline posted a net income of P3.74 billion in the first half of the year, a reversal from P9.5 billion net loss in the same period last year.
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