The only re-financing you must be talking about are the Bupak pilots selling their old cars and financing for new ones!
the latest report says:
Cebu Pacific posts nine-month loss
Philippine low-cost carrier Cebu Pacific fell into the red for the first nine months of the year as costs rose and it suffered foreign exchange losses.
Parent company JG Summit Holdings says in a stock exchange filing that Cebu Pacific suffered a net loss of 1.87 billion pesos ($38 million) in the January-September period, compared to a net profit last year of 2.53 billion pesos.
It says revenue grew 28.3%, to 13.9 billion pesos from 10.8 billion pesos, as it continued with an aggressive expansion that has seen it adding more routes and operating more flights on established routes.
Costs rose 47%, however, to 13.2 billion pesos from 8.9 billion pesos. Fuel costs alone jumped 96%.
Cebu Pacific also booked a foreign exchange loss of 1.57 billion pesos during the nine-month period, compared to a gain in the same nine months of the previous year of 1.06 billion pesos.
re-financing on the horizon?