"MANILA, Philippines - Budget airline Cebu Pacific on Tuesday said airlines will raise fares and stop offering promo fares, such as the popular "piso fare," as a result of the recent resolutions issued by the Civil Aeronautics Board (CAB).
In a statement, Cebu Pacific said it will file a motion asking the CAB to reconsider resolutions 28 and 29 on rebooking, refunds, and overbooking because of its "far-reaching consequences."
"The current CAB resolutions will increase the cost of airline operations, forcing airlines to raise their fares and stop offering the piso and other value fares. Piso fares are the aviation industry’s 'unli' version, where additional restrictions apply in return for price advantage," the airline said, referring to the popular "unlimited" call and text services offered by telecommunications companies.
Cebu Pacific is known for offering "piso fares," where passengers pay only P1 for the base fare for domestic and international destinations.
CAB has suspended local airlines' practice of "overbooking" for domestic flights and its policies of "no refunds" and "no rebooking", due to a rising number of complaints from passengers.
However, the Gokongwei-led airline defended the industry's practice of overbooking. It compared an airline ticket to a concert ticket, saying it has "zero value after the flight date.""
http://www.abs-cbnnews.com/business/...-due-cab-rules
