The
Philippines’ leading airline, Cebu Pacific (PSE: CEB), and its wholly
owned subsidiary Cebgo (formerly Tigerair Philippines), generated a net
income of P2.2
billion from January to March 2015, over 13 times higher than the
P164.2 million earned in the same period last year.
The
Cebu Pacific Air group’s Q1 2015 revenues increased by 20.7%
year-on-year to P14.2 billion. Passenger revenues grew by 22.2% to P10.8
billion. Cargo revenues
went up to P772.5 million, an increase of 13.6% compared to the same
period in 2014.
Ancillary
revenues likewise posted an increase of 17% for a total of P2.6
billion, driven by improved online bookings and a wider range of
ancillary revenue products
and services.
The
CEB group also achieved notable Q1 2015 passenger growth in domestic
and international markets. It carried a total of 4.3 million passengers
during the first
quarter of 2015, 13% higher than the 3.8 million passengers flown in
the same period last year.
The
upsurge was largely influenced by growth in passengers flown to and
from long haul destinations such as Dubai, Riyadh, Kuwait, and Sydney.
“CEB
attributes its bullish income and passenger growth to increased
presence in key markets, strategic seat sales offering the lowest
possible fares, and continuous
network expansion. Our latest operating statistics affirm our objective
which is to further stimulate air travel and grow inbound tourism by
expanding our services in new destinations,” said Atty. JR Mantaring,
Officer-in-Charge for CEB Corporate Affairs.
Recent
decline in fuel prices also contributed to the significant improvement
in net income, as CEB’s total fuel cost for Q1 2015 was reduced by 22%
to P4.32 billion,
from P5.55 billion expended in the same period last year.
During
the first quarter of 2015, CEB launched direct Kalibo-Hong Kong and
Cebu-Tokyo flights, while Cebgo launched Manila-Legazpi and Cebu-Puerto
Princesa flights.
CEB is also set to launch twice weekly direct flights between Manila
and Doha, Qatar starting June 4, 2014. The airline will be the only
Philippine carrier flying between these two cities, to serve more Global
Filipinos in the Middle East.
For bookings and inquiries, guests can go to www.cebupacificair.com or call the reservation hotlines (+632)7020-888
or (+6332)230-8888. They may also download the Cebu Pacific official mobile app on the App Store and Play Store.
The latest seat sales can also be found on CEB’s official
Twitter (@cebupacificair) and
Facebook pages.
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