Cebu Pacific Q1 results

admin
By admin May 19, 2015 14:01

Cebu Pacific Q1 results

Cebu Pacific Air has reported a net income of PHP2.2 billion ($50 million) for the first quarter of 2015, compared to the PHP164.2 million profit posted in the year-ago period. Revenue rose 20.7% to PHP14.2 billion while expenses increased 1% to PHP11.4 billion. Fuel expenses fell 22% to PHP4.33 billion from PHP5.5 billion in the same period in 2014.

Cebu Pacific Air has benefitted the drop in fuel and from a 22.2% growth in passenger revenue to PHP10.8 billion during the reporting period, while cargo revenue rose by13.6% to PHP772.5 million. Ancillary revenues rose 17% to PHP2.6 billion.

The airline carried 13% more passengers during the first quarter traffic, serving 4.3 million passengers.

admin
By admin May 19, 2015 14:01