The Philippines’
leading airline, Cebu Pacific (PSE: CEB), 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.
The Cebu
Pacific Air group’s Q1 2016 revenues surged to P16 billion, a growth of 13%
year-on-year. Passenger revenues rose by 11% to P12 billion, after CEB carried
4.8 million passengers for the first quarter. Cargo revenues also went up by
8.3% to P836 million.
Likewise,
ancillary revenues soared by 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 robust
figures we disclosed today are a testament to CEB’s success in making air
transportation more accessible and affordable for everyJuan. 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,” says Atty. JR Mantaring, CEB Vice President
for Corporate Affairs.
CEB recently
announced an additional frequency between Manila and Doha, Qatar, to cater to
the growing travel demand in the Gulf country. The new flight will operate
every Saturday beginning July 9, 2016, increasing services to three times a
week.
The airline offers flights to an extensive network of more than 90
routes on 64 destinations, spanning Asia, Australia, the Middle East, and USA.
Its 57-strong fleet is
comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500
aircraft. Between 2016 and 2021, CEB expects delivery of two more brand-new
Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.
For bookings and inquiries,
guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The
latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages.
Guests may also download the Cebu Pacific
official mobile app on the App Store and Google Play.
About
Cebu Air Inc. (PSE: CEB)
Cebu Air
Inc. is the largest carrier in the Philippine air transportation industry,
offering its low-cost services to more destinations and routes with higher
flight frequency within the Philippines than any other airline.
