Cebu Pacific core net income surges 77% to P 3.3B

The Philippines' leading carrier, Cebu Pacific (PSE: CEB), reported a core net income of P 3.3 billion, up 77% compared to the previous year, on the back of notable improvement in both revenues and operating expenses.



Total revenues grew 27% to P52 billion, driven by sustained demand for air travel and entry to new markets such as Japan, Middle East and Australia.  CEB carried 16.9 million passengers in 2014, 17.5% more than the 14.4 million passengers flown in 2013.

Ancillary revenue likewise grew 29% to P8.7 billion; while cargo revenues grew 20% to P3.1 billion.

CEB posted Operating Income of P4.2 billion, 73% higher than previous year, supported by improvement in fuel prices. However, with this decline in fuel prices CEB posted fuel hedging losses of P2.3 billion. CEB’s Net Income posted at P853 million, up 67% from the previous year.

CEB's 55-strong fleet is comprised of 10 Airbus A319, 31 Airbus A320, 6 Airbus A330 and 8 ATR-72 500 aircraft. It is one of the most modern aircraft fleets in the world. Between 2015 and 2021, Cebu Pacific will take delivery of 7 more brand-new Airbus A320 and 30 Airbus A321neo aircraft.

For bookings and inquiries, passengers can visit www.cebupacificair.com or call the CEB reservation hotlines (+632)702-0888 (Manila) or (+6332)230-8888 (Cebu). They may also download the Cebu Pacific official mobile app on the App Store.

The latest seat sales can also be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages.

Check out these popular posts, too

Hip-hop dancer turned entrepreneur helps people get jobs

10 must-eats at DoVa Brunch Cafe

Guimaras: the island that fits your taste

Balay Binhi: raising kind and creative individuals

More job opportunities up for Ilonggos in Iloilo Business Park

Sino ang panalo? Ang bully or ang api?

SM City Iloilo launches solar panels

Why stay at The B Lifestyle Complex in Iloilo

The San Lorenzo Wind Farm and a brighter future for renewable energy

Amid poverty, these Ilonggo moms raised successful children