Cebu Pacific (PSE: CEB), the Philippines’ largest carrier in the country’s air transportation sector, reported a net income of P4.4 billion in 2015. It is a boost of 414% from the previous year powered by thriving passenger and cargo revenues, and less operating costs.
CEB’s total revenue went up by 8.7% to P56.5 billion as a result of constant growth in passenger volume on their leading domestic and international landing place. CEBPAC’s existence in emerging markets, backed with a stable fleet expansion plan, is another factor which contributes to the expansion of its profit.
Atty. JR Mantaring, CEB Vice President for Corporate Affairs stated that CEB’s dynamic market has grown exponentially in two decades. He credited the continued trust and patronage of their valued guests, as well as the support of airline regulators and stakeholders both in the Philippines and abroad for their success. Atty. Mantaring added that CEB’s passengers are now over 125 million since their inception; a testament to their commitment in giving every Filipino a chance to fly with their comprehensive and affordable flight network.
In 2015, Cebu Pacific flew 18.4 million passengers, 8.9% higher from 2014’s 16.9 million passengers. The record moves the passenger revenues to an upward trend with P42.7 billion, an increment of 6.2% year-on-year.
Cargo revenue also recorded an increase of 10% to P3.5 billion. Ancillary revenues likewise rise by 19.6% to P10.4 billion due improved products and services such as online flight bookings.
In order to conform to the increasing travel demands, new routes just as the Manila – Doha and Cebu – Tokyo (Narita) routes were offered in 2015, adding the number of flights by 7.6% year-on-year.
By the end of 2015, the airline acquire 55 aircraft, following the procurement of 5 brand-new Airbus A320 and A330 aircraft in a form of 180 and 436 all-economy class seats.
Wide-bodied aircraft composed of 7 Airbus A319, 35 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 completes Cebu Pacific’s 56-strong fleet. CEBPAC’s fleet is one of the most advanced in the world. Three more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft are to expected to be delivered by CEB from 2016 to 2021.
Cebu Air Inc. offers cost-effective services with higher flight frequency than any other airline in the Philippines. The airline’s extensive network also covers over 90 routes and 64 destinations around the globe.
For any sort of inquiries, guests can visit www.cebupacificair.com. Guests are also free to call their reservation hotlines. Up-to-the-minute seat sales can be found on CEB’s official Facebook and Twitter pages. Cebu Pacific official mobile app is available for download on Apple Store and Google Play.
