Air travel within the Philippines is the third fastest growing market in the
world, after India and Mexico, with Cebu Pacific setting the pace in the
domestic market with a growth rate of 47% in terms of passengers carried in
India’s domestic market grew by 33%, followed by Mexico at 27%, Philippines
at 23%, and China at 16%.
The Philippines domestic air travel market grew with almost 10.4 million
travelers in 2007 versus almost 8.5million passengers in 2006.
Candice Iyog, CEB spokesperson, said domestic travel started booming when CEB
introduced year-round low fares in 2005, forcing other local airlines to follow
suit to be able to compete.
“Our rapid domestic network expansion, aggressive pricing, year-round low
fares, and new and growing fleet stimulated the market and introduced air travel
to many first-time flyers,” she said.
Iyog said CEB expects the growth trend to continue this year and beyond as
the airline takes delivery of more new aircraft, which will be used to serve new
domestic and international destinations.
“The arrival of brand new Airbus and ATR aircraft will open up the
Philippines and hopefully generate economic growth largely through tourism and
trade in the process,” she said.
Now in its 12th year, CEB has the youngest fleet in the Philippines. It flies
to 12 and soon to be 15 international destinations with the addition of Hanoi,
Ho Chi Minh, and Kaohsiung in the coming months. CEB also flies to 21 domestic
destinations with Boracay (Caticlan) starting February 29, 2008.