CEB group posts net earnings in first half

Cebu Pacific (CEB) and wholly owned subsidiary Cebgo netted R8 billion earnings for the first six months of 2016 from R5 billion in the same period last year on R33 billion revenues, up 12% year-on-year on a continuously expanding passenger market.

Specifically, CEB’s passenger revenues climbed 11% to R25 billion, after CEB carried over 10 million passengers for this first semester. Cargo revenues also went up 6% to R2 billion.

At the same time, the airline’s ancillary revenues soared 20% to R6 billion as an offshoot of the 9% growth in passenger traffic and 10% 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 strong operating and financial performance attest to the ever growing number of air travelers and communities we serve,” confirmed Atty. JR Mantaring, CEB Vice President for Corporate Affairs.

We are optimistic that with the support of relevant government and airport authorities, we can continue contributing to the progression of air transport services in the country,” he added.

CEB operates 2,400 weekly flights out of its six strategic hubs nationwide.

Recently, the airline announced three new domestic routes out of Cebu, to cater to the increasing inter-island travel demand in the Visayas region.

Beginning November 19, 2016, CEB will operate daily flights between Cebu and Ormoc (Leyte) and Cebu and Roxas (Capiz); and four times weekly flights between Cebu and Calbayog (Samar).

The airline will also be operating direct daily flights between Kalibo and Incheon, South Korea, effective October 1, 2016.

Today, CEB offers flights to over 100 routes on 36 domestic and 30 international destinations, spanning Asia, Australia, the Middle East, and USA