Airasia offers seats for as low as ₧0.25
Airasia said it is celebrating the opening of more domestic destinations for leisure travel by offering tickets for only P0.25 (25 centavos) to all destinations, the lowest fares for the year.
The promo is available via the airasia super app or airasia.com for a limited time: 3 days beginning Monday, March 8.
Airasia spokesperson steve Dailisan said, “At Airasia, we will remain committed to giving our guests world-class service at affordable rates. As the demand for travel is increasing ahead of the summer months, Airasia wishes to keep the momentum by providing low fares beyond the season.”
He said this big sale is a “perfect opportunity” for passengers to catch up on their missed-out travels from last year, “and plan out new, fun, and safe adventures for this year.”
He said Airasia continues to work closely with the Department of Tourism to promote safe tourism in the country. “As more destinations open up to leisure travelers, we will remain vigilant in implementing our enhanced safety measures throughout their journeys.”
Flyers can travel to all the domestic destinations with fares for as low as P0.25 for BIG Members to leisure destinations, such as Caticlan, Puerto Princesa, Bohol, iloilo, Cebu and Bacolod, or to iloilo, Davao, Tacloban, Zamboanga, General santos and more.
seats on sale are limited for booking between March 8 to 10 and for travel between June 1 to December 15.
ABOITIZ Equity Ventures Inc. (AEV) said its net income fell 30 percent to P15.4 billion laset year from P22 billion, as most of its units reported a drop in earnings.
The company recognized non-recurring losses of P477 million for the period versus the P516 million in non-recurring gains recorded in 2019.
For the fourth quarter alone, its income fell 13 percent to P7.1 billion from P6.3 billion in the previous year.
The company did not provide its revenues. Power accounted for 52 percent of the total income contributions of the company’s units, financial services accounted at 32 percent, food at 12 percent, while infrastructure and real estate each had 2 percent contributions.
“Through the many uncertainties, our business units stayed focused on ensuring we deliver uninterrupted vital services to our customers and communities. Careful consideration of our future growth led us to significantly reduce our capital expenditure budgets and prioritize essential projects supported by our strong balance sheet,” Sabin M. Aboitiz, the company’s president and CEO said.
“Early adoption of digital transformation allowed us to seamlessly transition work processes from the physical environment to virtual platforms. These initiatives form important elements in improving our ESG performance through our sustainability programs.”
Aboitiz Power Corp.’s net income contribution to AEV was at P9.7 billion, 27 percent lower compared to the P13.3 billion in the previous year. On a stand-alone basis, Aboitiz Power’s core net income for 2020 was P12.5 billion, 25 percent lower than in 2019.
Union Bank of the Philippines contributed P5.9 billion to the company last year, 18 percent lower than the P7.2 billion recorded in the previous year. On a stand-alone basis, Union Bank recorded net income of P11.6 billion in 2020, 18 percent lower than the P14 billion recorded in 2019, mainly due to higher provisions for loan losses for 2020.
The company’s non-listed food units income contribution amounted to P2.2 billion for 2020, 38 percent higher than the P1.6 billion recorded in 2019. The domestic companies reported net income amounting to P1.2 billion last year.
Companies in the food business include Pilmico Foods Corp., Pilmico Animal Nutrition Corporation, and Pilmico International Pte. Ltd., which includes Gold Coin Management Holdings Pte. Ltd.
The feeds business segment recorded net income of P999 million, more than double from the previous year due to higher volume and lower raw material costs.
The flour business segment recorded P716 million in net income, flat from the previous year on improved per unit gross profit and volume were offset by higher interest expenses and unrealized foreign exchange losses on money market placements.
The farms business segment, meanwhile, recorded a net loss of P552 million due to decreased margins resulting from higher production costs and lower selling prices caused by the industry-wide effect of the African Swine Fever. This was compounded by lower sales volume due to transport restrictions on pork and pigs imposed in several provinces in Luzon.