Cebu Pacific (CEB) and its wholly-owned subsidiary Cebgo, generated a net income of P7.1 billion from January to September 2016, equating to a 99.6 percent increase from the P3.6 billion earned in the same period last year.
The Cebu Pacific Air group’s 9M 2016 revenues surged to P46.7 billion, a growth of 10.5 percent year-on-year. Passenger revenues climbed by 10.1 percent to P35.4 billion, after CEB carried over 14 million passengers for the first nine months of 2016. Cargo revenues also went up by 2.5 percent to P2.5 billion.
Similarly, ancillary revenues soared by 14.9 percent to P8.8 billion consequent to the 6 percent growth in passenger traffic and 8.4 percent 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.
“Our current numbers testify to the ever growing market we cater to. We are affirmative that CEB’s network will only continue expanding from here on out. We look forward to offering our trademark low fares to even more passengers in the years to come,” says Atty. JR Mantaring, CEB Vice President for Corporate Affairs.
CEB is now preparing to launch three new domestic routes out of Cebu, to provide to the increasing inter-island travel demand in the Visayas region.
The airline will launch daily flights between Cebu and Ormoc (Leyte) and Cebu and Roxas (Capiz); and four times weekly flights between Cebu and Calbayog (Samar) starting November 19.