{"id":328776,"date":"2024-08-06T00:10:38","date_gmt":"2024-08-05T16:10:38","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328776"},"modified":"2024-08-06T01:00:27","modified_gmt":"2024-08-05T17:00:27","slug":"trade-the-news-cebu-pacific-shelves-plans-to-revive-manila-beijing-flights","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-cebu-pacific-shelves-plans-to-revive-manila-beijing-flights\/","title":{"rendered":"Trade the News: Cebu Pacific shelves plans to revive Manila-Beijing flights"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>Potential Impact of this News<\/strong><\/td><td><strong>NEGATIVE on the stock price<\/strong><\/td><\/tr><tr><td><strong>Company<\/strong><\/td><td>Cebu Air Inc.<\/td><\/tr><tr><td><strong>Stock Code<\/strong><\/td><td>CEB<\/td><\/tr><tr><td><strong>Long-term Recommendation on the Stock<\/strong><\/td><td>Buy<\/td><\/tr><tr><td><strong>1-Year Target Price<\/strong><\/td><td>PHP 53.13<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Cebu Pacific president and chief commercial officer Alexander Lao said demand for air travel in China has yet to recover to pre-pandemic levels, forcing the airline to indefinitely shelve its plan to return to Beijing.<\/p>\n\n\n\n<p>Cebu Pacific will also bring down its flight frequency to China to as few as six per week during the winter starting December. The airline owned by the Gokongweis used to operate as many as 21 flights to China prior to the pandemic.<\/p>\n\n\n\n<p>\u201cWe will make formal announcements (for our Beijing return) but we are suspending that until further notice. We are not operating in Xiamen and Shenzhen this winter as part of our pivot and you would see that in our announcements,\u201d Lao said.<\/p>\n\n\n\n<p>For now, Lao said the focus of Cebu Pacific is to explore expansion outside of China, as shown in its decision to enter into a third city in Vietnam through Da Nang, launch weekly connections to Kaohsiung and mount direct flights to Chiang Mai.<\/p>\n\n\n\n<p>Still, Cebu Pacific maintains a few trips in its flight network to China, particularly to Guangzhou (thrice a week), Shanghai (four times a week) and Xiamen (twice a week).<\/p>\n\n\n\n<p>Lao also recognized the geopolitical tensions hounding the bilateral ties between the Philippines and China. The countries are struggling to find a mutual ground on how to resolve their maritime dispute in the West Philippine Sea, and this is worsened by Chinese attacks on Filipino fishermen and patrols in the area.<\/p>\n\n\n\n<p>In 2019, China is the largest source of foreign visitors to the Philippines, accounting for at least a fifth, or 1.74 million, of the 8.26 million total.<\/p>\n\n\n\n<div style=\"height:26px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p style=\"font-size:16px\"><em><em><em>This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about <a href=\"https:\/\/www.pinoyinvestor.com\/smartinvestor\/our-partner-brokers\/\">our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-328776","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","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\/328776","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=328776"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328776\/revisions"}],"predecessor-version":[{"id":328778,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328776\/revisions\/328778"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}