Posts net income of P4.4 billion
March 31, 2016
The
Philippines’ leading carrier, Cebu Pacific
(PSE: CEB), recorded a net income of P4.4 billion in 2015, a growth of 414%
from the previous year, propelled by robust passenger and cargo revenues, and
lower operating expenses.
The Cebu Pacific Air group’s
total revenues went up by 8.7% to P56.5 billion, on the back of sustained
growth in passenger volume on key domestic and international destinations. The
airline’s improved presence in emerging markets, supported by a conservative
fleet expansion plan, also contributed to the upward trend.
“CEB’s dynamic market has
grown exponentially in two decades, thanks to the continued trust and patronage
of our valued guests, and the staunch support of airline regulators and
stakeholders both in the Philippines and abroad. Our passengers now number over
125 million since our inception – a testament to our commitment in enabling
everyJuan to fly, through our extensive and most affordable flight network,”
said Atty. JR Mantaring, CEB Vice President for Corporate Affairs.
CEB flew a total of 18.4
million passengers in 2015, up 8.9% from the 16.9 million passengers flown in
2014. The record numbers boosted passenger revenues to P42.7 billion, an
increase of 6.2% year-on-year.
Cargo revenues likewise
posted an upsurge of 10% to P3.5 billion, while ancillary revenues increased by
19.6% to P10.4 billion due to improved online bookings and a wider range of
ancillary revenue products and services.
In 2015, the number of flights
soared by 7.6% year-on-year with the launch of new routes such as Manila – Doha
and Cebu – Tokyo (Narita), and increased frequencies of existing routes.
The airline ended 2015 with
55 aircraft, following the acquisition of five brand-new, wide-bodied Airbus
A320 and A330 aircraft with a respective configuration of 180 and 436
all-economy class seats.
For bookings and inquiries,
guests can visit www.cebupacificair.com or
call (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found
on CEB’s official Facebook and Twitter pages.
Guests may also download the Cebu Pacific official mobile app on the App Store
and Google Play.
Cebu Pacific’s 56-strong
fleet is comprised of 7 Airbus A319, 35 Airbus A320, 6 Airbus A330, and 8 ATR
72-500 aircraft. It is one of the most modern aircraft fleets in the world.
Between 2016 and 2021, CEB expects delivery of three more brand-new Airbus
A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.
Comments
Post a Comment