Cebu Pacific passengers surged 335% last year

  Gokongwei-led Cebu Pacific saw passenger volume surge over 300 percent in 2022 as revenge travel helped the country's biggest budget airline recover about 65 percent of its prepandemic load. In a statement on Friday, Cebu Pacific said it carried over 14.8 million passengers last year, which was higher by 335 percent with a seat occupancy rate of 75 percent. "Higher travel demand both domestically and internationally, coupled with the easing of various travel regulations, drove the steep recovery for [Cebu Pacific] in 2022," the carrier said. Cebu Pacific said seat load factor during this period also rose 3.6 percentage points to 78 percent. The airline served 22...

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