Citing data from the Civil Aeronautics Board, Cebu Air Inc., the operator of Cebu Pacific, said its domestic market share last year was five percentage points higher than the 53% market share it booked during the pre-pandemic 2019.
Including its international operations, Cebu Pacific said it flew over 14.8 million passengers last year, up 335% year-on-year with a seat load of 75%, which rose by 14.7 percentage points. Cebu Pacific said key destinations such as Japan, South Korea, and Taiwan also eased their travel restrictions during the fourth quarter of 2022, enabling the airline to accelerate recovery of its international network.
Cebu Pacific said it will lease five aircraft in 2023 to address capacity and growing passenger demand.