CebuPac to exceed Phl-S. Korea load factor
MANILA, Philippines - Budget carrier Cebu Pacific said it could exceed its projected load factor for flights between South Korea and the Philippines this year even with the declaration of martial law in Mindanao.
Darron Kang, sales supervisor at Cebu Pacific Korea told reporters, the carrier is optimistic it could exceed the 80 to 85 percent target passenger load factor this year for all four routes between the two countries despite cancellations due to the imposition of martial law.
Cebu Pacific has flights from Manila to Incheon, Manila to Busan, Kalibo to Incheon, and Cebu to Incheon.
Average passenger load factor for all four routes was at 78.55 percent from January to May this year.
Kang said many travel agencies have already purchased seats for the September and October period.
“Travel agencies already started moving to secure the seats. They already started selling for passengers departing September and October. So, load factor in September is a bit higher compared to the other years,” he said.
He said there were about 3,000 booking cancellations representing 10 to 20 percent of seats on all flights between South Korea and the Philippines in the last 20 days due to the imposition of military rule in Mindanao.
Military rule was declared in Mindanao following clashes between military forces and the Maute group in Marawi last May 23.
While Cebu Pacific has a positive outlook for the flights between South Korea and the Philippines this year, Kang said it expects next year to be more challenging given increasing competition.
To promote the four routes, he said Cebu Pacific is undertaking activities such as familiarization tours for travel agents and study groups to the Philippines.
Last year, Cebu Pacific opened a regional office in Jung-Gu in Seoul to promote its presence in South Korea.
Through the regional office, Cebu Pacific would want to make ticket purchase and reservations more accessible to travelers in South Korea.
At present, Cebu Pacific flies to over 60 destinations.
It has a 61-strong fleet comprised of four Airbus A319s, 36 Airbus A320s, eight Airbus A330s, eight ATR-72 500s and five ATR 72-600 aircraft.