{"id":317647,"date":"2022-09-29T11:00:58","date_gmt":"2022-09-29T03:00:58","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=317647"},"modified":"2023-01-08T15:36:46","modified_gmt":"2023-01-08T07:36:46","slug":"cebu-pacific-ceb-says-return-to-profitability-likely-next-year-2","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/cebu-pacific-ceb-says-return-to-profitability-likely-next-year-2\/","title":{"rendered":"Cebu Pacific (CEB) says return to profitability likely in 2023"},"content":{"rendered":"\n<p>Budget airline CEB (Consensus Target Price: P55.50) expects to return to profitability next year driven by a potential return to pre-pandemic flight capacity levels. Jet fuel prices have notably continued their decline, having gone down by 17.9% MoM in the Asia &amp; Oceania region. Despite the brighter outlook for the coming year however, we note that there are still several headwinds that risk dragging earnings to lower-than-expected levels.<\/p>\n\n\n\n<p>The weak peso as well as volatility in global currency markets may reduce demand for international flights due to the uncertainties that these would bring to tourists with regards to their financial positions abroad. Additionally, emerging recessionary fears such as in Europe and the UK may dampen revenues from CEB\u2019s cargo segment.<\/p>\n\n\n\n<p>All in all, barring unexpected surges in fuel prices, we expect CEB\u2019s performance to most likely to continue on the uptrend as the economy continues to reopen although the aforementioned factors continue to pose risks that cannot be ignored.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a commentary on an important issue or event affecting the stock market  <\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-317647","post","type-post","status-publish","format-standard","hentry","category-special-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=317647"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317647\/revisions"}],"predecessor-version":[{"id":320540,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/317647\/revisions\/320540"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=317647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=317647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=317647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}