Cebu Pacific, the Philippines’ top domestic passenger and cargo airline, posted a 2.4% rise in net income to P2.274 billion in the first three quarters of the year from P2.221 billion year-on-year.
Total revenues reached P27.872 billion, 14% higher than P24.455 billion last year.
Passenger revenues grew 10.1% to P21.801 billion from P19.798 billion due to the 12.3 % increase in passenger volume to 9.8 million, driven by more flights.
Cargo revenues jumped 13.9% to P1.736 billion from P1.524 billion following higher cargo volume.
Ancillary revenues rose 38.4% to P4.336 billion from P3.133 billion.
Operating expenses reached P26.165 billion, up 18% from last year’s P22.169 billion.
CEB recently began offering flights to Hong Kong and Singapore from Iloilo.
Last October, CEB also launched direct flights from Iloilo to Tacloban, General Santos and Puerto Princesa. Previously, CEB only flew from Iloilo to Manila, Cebu, Davao and Cagayan de Oro.
Photo from www.cebupacificair.com/pages/OurFleet.aspx
