Cebu Pacific records 11% jump in passenger volume
Cebu Pacific and sister carrier Cebgo said passenger volume jumped in the first four months of 2016, with a boost coming from the busy summer season.
Both carriers saw their combined passenger traffic jump 10.6 percent to 6.61 million passengers from January to April this year, operating statistics revealed by operator Cebu Air Inc. showed.
Capacity was also up 2.4 percent, meaning the carriers had a combined seat load factor—a measure of flight utilization—of 87.6 percent from 81.1 percent last year.
Higher volume and lower fuel prices helped the company’s bottom line in the first quarter of 2016.
Cebu Air saw its net income during the period surge 81 percent to P4 billion.
Revenues during the period rose to P16 billion, up 13 percent year-on-year.
Passenger revenues alone rose by 11 percent to P12 billion, after it carried 4.8 million passengers for the first quarter.
Cargo revenues also went up by 8.3 percent to P836 million.
Likewise, ancillary revenues jumped 24 percent to P3.2 billion.
“Improved online bookings, together with a wider range of ancillary revenue products and services, contributed to the increase,” Cebu Air said.
Cebu Pacific said its network spanned more than 90 routes on 64 destinations, across Asia, Australia, the Middle East and the United States.
