Now at 133 pesos per share, the bigwigs at Cebu Pacific must now be grinning from ear-to-ear! That's certainly a vote of confidence for them, as they make their company public, and get that much needed infusion of cash for whatever expansion they are planning for. Maybe flights to Europe in the future?
Undeniably, they have revolutionized flying in the Philippines! The concept of low-cost airlines is nothing new and is replicated everywhere in the world, but we have made the concept extra special! We have added the Pinoy touch to it - from dancing flight attendants to parlor games on the air, to zero fares - their marketing team is really keeping those novel ideas coming! They have certainly made it possible for almost anyone, to travel abroad, or to places which would've been unthinkable, even a decade ago! I will buy some of their shares soon, but maybe not now because I don't think I'd get dividends for it. And the Filipino stock market is so bouyant, it would be crazy to buy at these very high prices!
But still, congratulations to another truly Filipino company!
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