“Prepandemic, we have already started embarking on our long-term vision and fleet strategy, which includes an orderly exit of older aircraft,” Mark Cezar, Cebu Pacific deputy chief finance officer, said in a statement.
Airlines in the country and overseas have seen air travel collapse due to the pandemic-induced travel restrictions in 2020. The recent surge in COVID-19 infections also prompted local carriers to cancel flights and suspend routes, hurting their businesses further.
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