Philippine LCC Cebu Pacific Air reported second-quarter net income of PHP3 billion ($69 million), up significantly from the PHP257 million reported for the same period last year. Total revenue for the quarter increased 33.7% to PHP14.95 billion year-on-year.Second-quarter passenger revenues grew 36.3% to PHP12 billion and average yield per passenger was up 12.6%.Cebu Pacific VP-corporate affairs attorney Jorenz Tañada said: “Cebu Pacific Air’s net income growth in Q2 2014 was driven by increased passenger traffic backed by industry rationalization. Yields also increased as we now fly longer sectors to more destinations, including Dubai and Japan. As we served more passengers,
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