Wednesday, 7 January 2009

Manila defies travel slump, grows 8.6%

Philippine International Air Passenger Traffic Up +8.6%
By Cris Larano
Dow Jones Newswires

MANILA -(Dow Jones)- International airline passenger traffic in the Philippines increased 8.6% on year in the first three quarters of 2008, data released Wednesday by the Civil Aeronautics Board showed.

The increase was largely due to Philippine Airlines and Cebu Pacific's opening more routes and adding flights to existing destinations. The 3 airlines that service the Philippines carried 9.16 million outbound and inbound travelers in the January-September period, up from 8.43 million in the same period a year earlier, the data showed.

Philippine Airlines and Cebu Pacific, which are both overhauling their fleets, increased their combined share of the international passenger market in the first three quarters to 41%, from 39% in the same period a year earlier.

Philippine Airlines carried 2.74 million travelers in the period, 7.7% more than the year before. It carried 1.31 million inbound passengers, 14% more than the year before, and 1.43 million outbound passengers, up 3.5%.

Cebu Pacific increased its total traffic by 40% on year to 1 million, with 477,069 inbound passengers, up 39%, and 525,598 outbound passengers, up 41%. - 632-848-5051

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