Low-cost carrier Cebu Pacific and its wholly owned subsidiary Cebgo generated a net income of P4 billion from January to March 2016, an increase of 81% from the P2.2 billion earned in the same period last year.
Cebu Pacific Air group’s first-quarter 2016 revenues likewise expanded, surging to P16 billion, a growth of 13% year-on-year from P14.198 billion.
Passenger revenues rose 11% to P12 billion as Cebu Pacific carried 4.8 million passengers in the first quarter.
Cargo revenues also went up by 8.3% to P836 million from P772.545 million following the increase in cargo volume transported during the period in review.
Ancillary revenues grew 24% to P3.2 billion consequent to the 13% growth in passenger traffic and 10% increase in average ancillary revenue per passenger. Improved online bookings, together with a wider range of ancillary revenue products and services, contributed to the increase, the airline said.
“The robust figures we disclosed today are a testament to CEB’s success in making air transportation more accessible and affordable for every Juan. We continue to upgrade our fleet, study new destinations and routes, and enhance our ground and in-flight operations, to ensure only the best service for our passengers,” Cebu Pacific vice president for corporate affairs JR Mantaring said in a statement.
