Cebu Air, the listed operator of Cebu Pacific, remained in the red with losses widened by 50.9% in the first six months of 2021 as the coronavirus pandemic continued to cripple travel demand.
JG Summit Holdings, Inc. (JGS), one of the largest and most diversified conglomerates in the Philippines, registered a 19 percent growth in core net income to P1.7 billion for the first half of 2021. In a disclosure to the Philippine Stock Exchange the firm said higher core earnings came as the gro
Gokongwei-led conglomerate JG Summit Holdings saw its core net income jumped 19% to ₱1.7 billion in the first half of 2021 as other business units cushioned the poor performance of its aviation line.
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(Bloomberg) Cebu Air Inc., the largest Philippine budget carrier, said it refunded 7.7 billion pesos ($153 million) to customers, completing requests for reimbursements that were filed until June due to the pandemic.