Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, started the year strong — winning three awards from two international bodies for being one of the best low-cost airlines in the world, its sustainable operations, and its safety record.
CEB was hailed Best Low-Cost Airline Brand in the Philippines for 2023 by the World Economic Magazine, a US-based publication that spotlights industry disruptors across the global financial marketplace. It was also recognized as the Most Sustainable Low-Cost Airline in the Philippines by the same publication.
CEB was one of the nine (9) Philippine businesses that made it in this list, joining other international companies that were acknowledged for their excellence and drive for continued growth and progress.
CEB also received a separate recognition from airlineratings.com as among the top 20 safest low-cost airlines in the world for 2024.
Airlineratings.com, the world’s leading airline safety and product rating review website, assesses an airline’s safety by reviewing its incident records over the past two years, audit results from the International Civil Aviation Organization (ICAO), and fleet age, among other factors.
Airlineratings.com also previously awarded CEB with a perfect 7-star rating for its multi-layered approach to safety during the pandemic.
“It is an honor to be considered as one of the top low-cost carriers in the world commended for safety records and effective safety management systems,” said CEB Chief Executive Officer Michael Szucs.
“Cebu Pacific has indeed grown to become one of the most recognized and trusted names in the industry, synonymous with safe, affordable, and accessible flights. These recognitions inspire us to continue to outperform at the highest level in the industry,” he added.
Through the years, CEB successfully implemented a low-fare business model, catering specifically to budget-conscious consumers to make air travel more accessible and economical for a wider range of passengers.
It has also been recognized in Asia Pacific for its cost-efficient operations and environmentally friendly initiatives. In September 2022, CEB operated its first passenger flight powered by sustainable aviation fuel (SAF) from Singapore to Manila. This achievement made CEB the first low-cost carrier in Southeast Asia and the first Philippine airline to incorporate SAF in its commercial operations.
In the same year, CEB also received the Asia Environmental Sustainability Airline / Airline Group of the Year award from the Centre for Asia Pacific Aviation (CAPA) for its leadership in sustainability performance and initiatives in the regional aviation industry.
CEB aims to transition to an all-NEO fleet by 2028 and will incorporate the use of blended SAF for its entire commercial network by 2030.
CEB currently flies to 35 domestic locations and 25 international destinations across Asia, Australia, and the Middle East. For more information, visit: www.cebupacificair.com.
World Economic Magazine: https://worldecomag.com/world-economic-magazine-2023-award-winners/
Airlineratings.com: https://www.airlineratings.com/news/top-20-safest-low-cost-airlines-for-2024/
