B

revenue products and services.

The airline incurred operating expenses of billion 15.7% higher than the comparative period due to the rise in fuel prices this year coupled with the weakening of the Philippine peso against the US dollar. The growth in the airline’s seat capacity from the acquisition of new aircraft also contributed to the increase in expenses.

Flying operations expenses increased by R3.119 billion or 21.2% because of the 23.4% increase in aviation fuel expenses to R14.593 billion and the fuel cost increase was further influenced by the weakening of the Philippine peso against the US dollar.

More flights and the use of bigger Airbus A330 aircraft also translated to 15.2% more aircraft and traffic servicing expenses, or R5.846 billion.

The Cebu Pacific route network now has 25 international and 37 domestic destinations. Its fleet of aircraft includes one Airbus A319, 35 Airbus A320 and eight Airbus A330s; while the Cebgo fleet is composed of eight ATR 72-500 and seven ATR 72-600 aircraft. Between 2017 and 2022, CEB expects delivery of 7 more brand-new Airbus A321ceo and 32 Airbus A321neo aircraft.