Analyst says some budget airlines may close

Posted at Jan 04 2013 04:53 PM | Updated as of Jan 05 2013 12:53 AM

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A Sydney-based airline analysis company says Cebu Pacific is the only profitable low cost carrier operation in the Philippines and that one or more of the other four budget airlines could close this year.

Centre for Aviation chief analyst Brendan Sobie talks to ANC's Coco Alcuaz. ANC News Now, January 4, 2013