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Cebu Air, Inc., operating as Cebu Pacific (PSE: CEB), is a Philippine low-cost airline based on the grounds of Ninoy Aquino International Airport (NAIA Terminal 3).
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http://www.sunstar.com.ph/manila/local-news/2017/05/24/cebu-pacific-suspend-operations-3-middle-eastern-routes-543639
Cebu Pacific to suspend operations in 3 Middle Eastern routes
CEBU Pacific Air announced Wednesday that it will halt flying to Riyadh in Saudi Arabia, Kuwait, and Doha in Qatar because the routes are not viable anymore.
Lawyer JR Mantaring, CEB vice president for corporate affairs, said there were too many competitions already in the said routes.
"The entry of Cebu Pacific into these markets benefited 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," he said in a statement...
Cebu Pacific to suspend operations in 3 Middle Eastern routes
CEBU Pacific Air announced Wednesday that it will halt flying to Riyadh in Saudi Arabia, Kuwait, and Doha in Qatar because the routes are not viable anymore.
Lawyer JR Mantaring, CEB vice president for corporate affairs, said there were too many competitions already in the said routes.
"The entry of Cebu Pacific into these markets benefited 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," he said in a statement...