Gokongwei-led Cebu Air Inc. reported bigger losses in clients, with passenger traffic dropping 16.5% annually to 4.4 million, copies of financial statements obtained by Philstar.com showed. “We are optimistic that the industry will bounce back,” Lagamon said in a message through Facebook Messenger. Both Cebu Pacific and AirAsia signified readiness to resume flights as soon as allowed by aviation authorities. For now, the country’s main Manila airports are closed due to the enhanced community quarantine which will expire May 15, if not extended anew. Officials said cargo flights may resume once a more relaxed general community quarantine is enforced.

Source: Philippine Star April 29, 2020 10:30 UTC