The shares of Cebu Pacific operator Cebu Air Inc. dropped by 10.50 percent week-on-week due to fears over 2019-novel coronavirus (2019-nCoV), with analysts saying that the airline’s first quarter earnings may decline from flight cancellations.

On Friday, Cebu Air shares slid by P2.80 or 3.60 percent to close at P75 apiece from the previous day amid the 2.60-percent plunge for the benchmark Philippine Stock Exchange index.