CEB to suspend operations in Kuwait, Doha and Riyadh
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| Image screen grab from flightglobal.com |
CEB
will fly the last of its four-times-a-week service from Manila to
Kuwait on June 13, 2017, and its Kuwait-Manila flight on June 14, 2017.
The thrice-weekly Manila-Doha-Manila
route will have its last flight on July 1, 2017; while CEB’s last
flight from Manila to Riyadh, Saudi Arabia will depart on July 2, 2017,
while the Riyadh-Manila flight will leave on July 3, 2017.
“The
entry of Cebu Pacific into these markets benefitted passengers with
lower fares and more choices. Of late, other carriers have aggressively
added more flights, which
has resulted in substantial oversupply of seats and fares that are so
low, hence making the routes unsustainable,” said Atty JR Mantaring,
Vice President for Corporate Affairs of Cebu Pacific.
“We
have to continuously review our routes to ensure their viability. At
this point, it makes more sense for us to re-deploy the aircraft used
for our Riyadh, Doha and Kuwait
service to routes where we can further stimulate demand and sustain our
low fare offers.”
CEB
will retain its other long-haul services to and from Dubai, United Arab
Emirates; and Sydney, Australia, with a view to increasing frequencies
to these destinations in
the future. The airline also flies to 24 other international
destinations across Asia and USA; as well as 37 domestic destinations.
Passengers
affected by the suspension of CEB service in Doha, Riyadh and Kuwait
are being contacted. Options are being provided to minimize the
disruption, which include
rebooking passengers on flights with other airlines or on earlier
travel dates with CEB; a full refund; or placing the full value of the
ticket in a travel fund for future use.
From
January to March 2017, Cebu Pacific carried 4.8 million passengers, of
which 1.3 million flew international destinations. Total revenues for
the first quarter of 2017
were up 4.7% to PHP16.9 Billion. However, this was outpaced by the
growth in expenses, driven by a weaker Peso versus the US Dollar and
rising fuel prices. CEB net income for the first three month of 2017 was
down 68% versus the same period in 2016.
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