{"id":329150,"date":"2024-08-27T22:20:00","date_gmt":"2024-08-27T14:20:00","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329150"},"modified":"2024-09-01T15:55:35","modified_gmt":"2024-09-01T07:55:35","slug":"trade-the-news-ceb-could-benefit-from-fuel-surcharge-cuts-beginning-sept","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-ceb-could-benefit-from-fuel-surcharge-cuts-beginning-sept\/","title":{"rendered":"Trade the News: CEB could benefit from fuel surcharge cuts"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Cebu Air Inc. (Cebu Pacific)<\/td><\/tr>
Stock Code<\/strong><\/td>CEB<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 53.13<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

The Civil Aeronautics Board, in its recent advisory, agreed to downgrade the fuel surcharge from the current Level 6 to Level 5 effective September.<\/p>\n\n\n\n

Under Level 5, airlines are allowed to collect fuel surcharges of P151 to P542 for domestic flights while those flying outside the country will charge additional P498.03 to P3,703.11 each.<\/p>\n\n\n\n

These prices are lower compared with Level 6 rates, which range from P185 to P665 for domestic routes and P610.37 to P4,538.40. for international flights.<\/p>\n\n\n\n

Fuel surcharges are additional fees collected by airlines to help them recover fuel costs. These are separate from the base fare, which is the actual amount paid by the passenger for each seat.<\/p>\n\n\n\n

Next month, passengers flying from Manila to Caticlan, Legazpi, Kalibo and Roxas will shell out an additional P238 while those going to Iloilo, Cebu, Bacolod and Puerto Princesa will pay fuel surcharge of P316. The applicable surcharge for flights to Dumaguete, Tagbilaran, Surigao and Siargao will be P418 while flights to Zamboanga, Cotabato and Davao will carry a surcharge of P487.<\/p>\n\n\n\n

Passengers going to Taiwan, Hong Kong and Vietnam will pay an additional amount of P498.03 while those flying to China will be charged P676.20 on top of the base fare.<\/p>\n\n\n\n

But while a lower fuel surcharge will be implemented next month, Transportation Secretary Jaime Bautista previously said that terminal fees at Ninoy Aquino International Airport (Naia), the country\u2019s main international gateway, would increase from around P500 to P550 at present to P950 next year.<\/p>\n\n\n\n

The hike is needed to compensate San Miguel Corp.-led New Naia Infrastructure Corp. (NNIC), which recently bagged the deal to undertake the P170.6-billion airport rehabilitation project.<\/p>\n\n\n\n

(News Source: Philippine Star<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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-329150","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\/329150","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=329150"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329150\/revisions"}],"predecessor-version":[{"id":329224,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329150\/revisions\/329224"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}