Cebu Pacific
Join Date: Oct 2008
Location: RPLL TMA
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thrust clb, what airline wasn't hit by the fuel crisis a few months ago? Fuel suddenly surges 96%... what airline could possibly survive that for long?
On the positive side, the airline's outlook seems to be healthier now than it was a few months ago now that its main cost--fuel--has come down from ridiculous levels. In fact, it might even be cheaper now than the time Bupak posted the phenomenal P2B net income for 2007.
Commercial Planning seems unfazed. They firmly believe growth prospects are still there for the airline even with the present financial crisis. Gross revenues and passenger numbers are still climbing, so they must know something we don't.
The loss was blamed mainly on two things: fuel cost and foreign exchange losses. Fuel costs went up from somewhere in the P3B-plus range in 2007 to over P6.5B. On the foreign exchange side, from P40-$1, it is now P50-$1, a foreign exchange loss of over 20%. Which meant that dollar-denominated obligations the airline had to pay suddenly became over 20% higher. Double whammy!
Yet if bupak revenues weren't growing, the airline would actually be posting over P3B in losses from fuel cost and forex loss alone. But it isn't.
So... let's keep fingers crossed that the spike in fuel prices and the foreign exchange losses are not a recurring thing for the airline. Or else those cars standing in the parking lot may need refinancing, and not for new ones!
On the positive side, the airline's outlook seems to be healthier now than it was a few months ago now that its main cost--fuel--has come down from ridiculous levels. In fact, it might even be cheaper now than the time Bupak posted the phenomenal P2B net income for 2007.
Commercial Planning seems unfazed. They firmly believe growth prospects are still there for the airline even with the present financial crisis. Gross revenues and passenger numbers are still climbing, so they must know something we don't.
The loss was blamed mainly on two things: fuel cost and foreign exchange losses. Fuel costs went up from somewhere in the P3B-plus range in 2007 to over P6.5B. On the foreign exchange side, from P40-$1, it is now P50-$1, a foreign exchange loss of over 20%. Which meant that dollar-denominated obligations the airline had to pay suddenly became over 20% higher. Double whammy!
Yet if bupak revenues weren't growing, the airline would actually be posting over P3B in losses from fuel cost and forex loss alone. But it isn't.
So... let's keep fingers crossed that the spike in fuel prices and the foreign exchange losses are not a recurring thing for the airline. Or else those cars standing in the parking lot may need refinancing, and not for new ones!
Last edited by buskoto; 18th Nov 2008 at 16:27.
Join Date: Jul 2008
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The only re-financing you must be talking about are the Bupak pilots selling their old cars and financing for new ones! 
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.
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.
Join Date: Oct 2008
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If it's any consolation, PAL likewise lost heavily around the same period. $114M. That's over P5B.
No one was immune from that fuel price surge.
Let's see what the next several months will bring.
No one was immune from that fuel price surge.
Let's see what the next several months will bring.
Join Date: Feb 2006
Location: somewhereoutthere
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Its definitely a tough time for most of the Airlines, lucky are we that still our companies keeps us flying.
Correct strategies must be properly formulated to traverse this existing economic downturn, and I can only wish that job cut-offs will not be one of them.
Correct strategies must be properly formulated to traverse this existing economic downturn, and I can only wish that job cut-offs will not be one of them.
Join Date: Feb 2007
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Will fly for CebuPacific
Hello
Question for anyone who knows about Cebu Pacific hiring requirements:
1) The minimum total time requirement for First Officer?
2) What are the chances to get a flying job in the Philippines for someone like me living in the U.S.
3) Do you need to be a Filipino citizen?
I am currently finishing on my multi commercial rating and also planning to go to ATP-All Transport Professional "Jet certification training program." afterwards.
Did anyone watch the Cebu Pacific dvd from Just Plane(World Air Route). I am proud to say that Pinoy pilot are very professional in the cockpit. I enjoy watching them joking around in the cockpit while flying. That's what we do as pinoy. After all, we are voted as one of the happiest people on earth.
Who is Capt Avila. His funny and knows his stuff! I'd like to meet him someday.
I collect airline video and have about 12dvd now. Let me tell you that CEBU PACIFIC is one of my favorite.
Happy Landing
NewBreedflyboy
Question for anyone who knows about Cebu Pacific hiring requirements:
1) The minimum total time requirement for First Officer?
2) What are the chances to get a flying job in the Philippines for someone like me living in the U.S.
3) Do you need to be a Filipino citizen?
I am currently finishing on my multi commercial rating and also planning to go to ATP-All Transport Professional "Jet certification training program." afterwards.
Did anyone watch the Cebu Pacific dvd from Just Plane(World Air Route). I am proud to say that Pinoy pilot are very professional in the cockpit. I enjoy watching them joking around in the cockpit while flying. That's what we do as pinoy. After all, we are voted as one of the happiest people on earth.
Who is Capt Avila. His funny and knows his stuff! I'd like to meet him someday.
I collect airline video and have about 12dvd now. Let me tell you that CEBU PACIFIC is one of my favorite.
Happy Landing
NewBreedflyboy
Last edited by NewBreedflyboy; 23rd Nov 2008 at 19:42.
Join Date: Aug 2008
Location: Orlando, FL
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Atr Capt
Does anyone if Cebu is still hiring American expat for Captain positions. I have sent several resumes to Sam Avilaii, but have not heard anything back in several weeks. Any information would be greatly appreciated
Join Date: Sep 2008
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fahlguy: my apologies if you did not receive my reply to your email. I will resend it ASAP.
For expat ATR Captains, we are hiring direct and only those currently type rated on the 72-500.
For ATR First Officers, I only have 8 slots left. Should be a Philippine Passport holder. minimum 500 hours with multi engine experience.
email me at [email protected]
Best regards.
Sam
For expat ATR Captains, we are hiring direct and only those currently type rated on the 72-500.
For ATR First Officers, I only have 8 slots left. Should be a Philippine Passport holder. minimum 500 hours with multi engine experience.
email me at [email protected]
Best regards.
Sam
Last edited by sam avila; 28th Nov 2008 at 22:56. Reason: typo on email add
Join Date: Sep 2008
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newbreed: glad you enjoyed the vid. fly safe.
space odyssey: terms and conditions vary whether one is a TRE, TRI. or line Captain. Also variable is the preferred "weeks on / weeks off". For a TRI , pay is roughly 12500usd with housing accommodation, transportation, airline tickets....
Best is to send your CV; I will screen it and forward it to our Head of HR, who would then get in touch with you if everything checks out.
Best regards.
Sam
space odyssey: terms and conditions vary whether one is a TRE, TRI. or line Captain. Also variable is the preferred "weeks on / weeks off". For a TRI , pay is roughly 12500usd with housing accommodation, transportation, airline tickets....
Best is to send your CV; I will screen it and forward it to our Head of HR, who would then get in touch with you if everything checks out.
Best regards.
Sam
Join Date: Sep 2007
Location: TIGAH
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xmas
im happy as a blue bird singing "what a wonderful world..." 
.....im happy just to be employed. Happy Holidays to all....
.....im happy just to be employed. Happy Holidays to all....
Last edited by jester_icarus; 18th Dec 2008 at 07:50.
