Cebu Pacific chair Lance Gokongwei and CEO Mike Szucs during the inauguration of the airline's new training facility in Parañaque on Monday. —LOGAN KAL-EL M. ZAPANTA
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Showing posts with label LOGAN KAL-EL M. ZAPANTA. Show all posts
Showing posts with label LOGAN KAL-EL M. ZAPANTA. Show all posts
Tuesday, April 28, 2026
Thursday, April 23, 2026
Airfares to soar as fuel surcharge doubled in mid-April
Travelers flying within and out of the Philippines are facing significantly higher airfares for the rest of April after the Civil Aeronautics Board (CAB) approved a Level 19 fuel surcharge, pushing additional charges to as much as P15,397 per ticket.
This new rate brings jet fuel surcharges close to the maximum Level 20 and marks a sharp increase from Level 8 imposed from April 1 to April 15.
Before the Middle East conflict broke out, Level 4 surcharge had applied.
Under Level 19, fuel surcharges for domestic flights now range from P627 to P1,834, up from P253 to P787 earlier in April—equivalent to increases of 147.83 percent and 133.04 percent, respectively.
For international flights, the surcharge rises to at least P2,070.77 and as much as P15,397.15, from P835.05 to P6,208.98 previously, representing a 147.98-percent increase.
CAB issued the advisory on Wednesday, although the new rates had taken effect for tickets issued starting April 16.
“This interim measure shall be in effect until the current situation stabilizes, or as may be revised or revoked accordingly,” it said.
These new rates will be applied at a conversion rate of P59.95 per US dollar.
Up 436% from prewar levels
This adjustment comes as global jet fuel prices remain high, reaching $184.63 per barrel as of April 17, from $99.40 per barrel prior to the Iran conflict, based on data from the International Air Transport Association.
Compared with prewar levels, Philippine jet fuel surcharges have now increased by 436 percent.
In March, carriers were unable to immediately reflect the price surge, as surcharges had already been set at Level 4 before hostilities escalated. At that level, domestic charges ranged from P117 to P342, while international surcharges were between P385.70 and P2,867.82.
Level 20 remains the highest allowable tier under CAB rules, with domestic surcharges ranging from P661 to P1,993 and international charges from P2,183.11 to P16,232.44.
Under CAB Resolution No. 25, Series of 2022, fuel surcharges are optional and charged on top of the base airfare. These may be removed if the one-month average price of jet fuel falls below P21 per liter.
In a statement, AirAsia Philippines said the increase reflects mounting cost pressures on carriers amid the ongoing conflict.
“With the ongoing geopolitical uncertainty, our operational cost base has significantly exceeded initial forecasts—global jet fuel prices have surged to more than double 2025 levels,” the airline said.
Thursday, January 15, 2026
BIZ BUZZ: Concert tickets going paperless soon
Go-to ticketing platform Ticketnet has welcomed a global fintech player into its ecosystem: Google Wallet.
Starting soon, Filipinos buying tickets for movies, concerts and sporting events may be able to store them directly in Google Wallet, which officially launched in the country in late November. This is in line with paperless ticketing that’s already commonplace in overseas markets.
This integration is expected to streamline how customers manage their event passes, as Google Wallet allows users to store event and cinema tickets, loyalty cards, digital vouchers and even digital car keys.
“We are glad to be one of the first services that will boast of Google Wallet integration,” said Irene Jose, chief operating officer of Uniprom, the parent company of Ticketnet. “This will mean easier access and more convenient ticketing for our customers.”
For Ticketnet, the partnership also reflects its push to use technology to elevate entertainment and sporting experiences.
At present, Google Wallet supports cards from seven partner banks in the Philippines: Chinabank, EastWest Bank, GoTyme Bank, Maya Bank, RCBC, UnionBank and Wise.
For ticket-buyers weary of misplaced stubs, Ticketnet’s tie-up with Google Wallet could soon make attending events a little less stressful.
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