Latest news with #CliffHarveyVenzon
Bloomberg
5 days ago
- Business
- Bloomberg
Cebu Air Profit Hits 15-Year High on Engine Boost, Travel Demand
By and Cliff Harvey Venzon Save Philippine budget carrier Cebu Air Inc. 's second-quarter profit surged more than sixfold, boosted by an engine compensation package from Pratt & Whitney and higher passenger volumes. Net income jumped to 8.51 billion pesos ($148 million) in the April-June period, marking Cebu Air's highest quarterly profit since at least 2010. That includes 4.8 billion pesos in four free-of-charge engines from Pratt and Whitney which the airline secured in June and booked as other income, according to a statement Wednesday.
Bloomberg
03-04-2025
- Business
- Bloomberg
Philippines Sees Benefits as Trump Tariffs Hit Peers Harder
By and Cliff Harvey Venzon Updated on Save The Philippines seeks to cash in on the lower tariffs imposed by the US on its exports relative to its Asian neighbors and will work to improve its economic ties with its long-time ally, officials said. Philippine Trade Secretary Cristina Roque said she's seeking a dialogue with her US counterpart, stressing the need for 'proactive engagement' with the nation's top export market.
