FLAG carrier Cebu Air Inc. (CEB) generated P16.9 billion in revenues for the third quarter of 2022, jumping by 419 percent from P3.2 billion in the same period last year, propelled by a strong recovery across its business segments.

This allowed the airline to narrow its net loss for the third quarter of 2022 to P2.5 billion from P8.2 billion in the same quarter during 2021.

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