Quick takes from around the market
1. Cebu Pacific [CEB 32.00, down 0.2%; 74% avgVol] [link] said that 20% of its planes will be out of service in 2024 due to a maintenance issue related to planes carrying Pratt & Whitney engines. CEB expects to have 10 planes out of commission by the end of this year, and for that number to expand to 20 in FY24.