MANILA – The operator of Cebu Pacific wants Philippine Airlines’ (PAL) unused seat entitlements to Australia.
In a filing with the Civil Aeronautics Board (CAB), the Gokongwei-led budget airline requested the re-allocation of 1,300 seat entitlements that PAL has yet to use.
Under the air services agreement between the Philippine and Australia, each side has 6,000 weekly seats. PAL was assigned 3,789 seats a week, while Cebu Pacific got 2,202.
“We requested for a reallocation of unutilized seats so we can add flights for the Australia market,” Cebu Pacific general manager Alex B. Reyes said.
“There is good potential to stimulate more traffic between the Philippines and Australia,” he added.
At present, Cebu Pacific flies between Manila and Sydney, while PAL flies to and from Manila on the one hand, and Melbourne, Sydney, Brisbane and Darwin on the other.
Representatives of PAL were unavailable for comments as this article went online.
The country’s largest budget airline earlier reported a loss of P750.12 million in the July to September period, a reversal of the P538.44 million net income in the same three months of 2013.
Despite the third-quarter loss, Cebu Pacific closed the first nine months with a profit of P664.08 million, but lower than the P2.27 billion the previous year.
Revenue in the third quarter reached P8.86 billion, up 8.8 percent from P8.14 billion in 2013, bringing the nine-month tally to P30.58 billion, higher than P27.87 billion over the same period.
Cebu Pacific has a 51-strong fleet, comprising 10 Airbus A319s, 28 A320s, five A330s and eight ATR-72 500 aircraft. It is one of the most modern aircraft fleets in the world. Between 2014 and 2021, the carrier will take delivery of 11 more brand-new A320s, 30 A321neo’s, and an A330.