CEB Group’s 1H 2015 net profit soars to P5.2 billion
The Philippines’ leading airline, Cebu Pacific (PSE: CEB), and its wholly owned subsidiary Cebgo, generated a net income of P5.2 billion for the first half of 2015, an increase of 64% over the P3.178 billion earned in the same period last year.
In the same period, CEB Group generated revenues of P29.506 billion, an increase of 10.4% year-on-year.
From January to June 2015, Cebu Pacific and Cebgo flew over 9.2 million passengers, with flights approximately 82% full. Passenger revenues grew 9.4% to P22.813 billion, as passenger volume increased by 8.2% compared to the same period last year.
Ancillary revenues also went up by 15% to P5.092 billion. Improved online bookings, together with a wider range of ancillary revenue products and services, contributed to the increase.
Cargo revenues for the first half of 2015 likewise surged by 11.4% to P1.601 billion, from P1.437 billion last year.
“The CEB group’s notable 1H 2015 passenger growth was driven by the launch of CEB’s operations in Narita, and new long haul routes including Riyadh, Sydney, and Kuwait; and the launch of additional domestic routes. We look forward to offering our trademark low fares to even more passengers this year,” said Atty. JR Mantaring, Cebu Pacific Officer-in-Charge, Corporate Affairs.
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, CEB will take delivery of 7 more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.
For bookings and inquiries, guests can go to www.cebupacificair.com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. They may also download the Cebu Pacific official mobile app on the App Store and Play Store.
About Cebu Air Inc. (PSE: CEB)
Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline.
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