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CEB Group’s net income soars 81% for Q1 2016

© Jojie Alcantara

© Jojie Alcantara

 

CEB Group’s net income soars 81% for Q1 2016

The Philippines’ leading airline, Cebu Pacific (PSE: CEB), and its wholly owned subsidiary Cebgo, generated a net income of P4 billion from January to March 2016, an increase of 81% from the P2.2 billion earned in the same period last year.

The Cebu Pacific Air group’s Q1 2016 revenues surged to P16 billion, a growth of 13% year-on-year. Passenger revenues rose by 11% to P12 billion, after CEB carried 4.8 million passengers for the first quarter. Cargo revenues also went up by 8.3% to P836 million.

Likewise, ancillary revenues soared by 24% to P3.2 billion consequent to the 13% 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.

“The robust figures we disclosed today are a testament to CEB’s success in making air transportation more accessible and affordable for everyJuan. We continue to upgrade our fleet, study new destinations and routes, and enhance our ground and in-flight operations, to ensure only the best service for our passengers,” says Atty. JR Mantaring, CEB Vice President for Corporate Affairs.

CEB recently announced an additional frequency between Manila and Doha, Qatar, to cater to the growing travel demand in the Gulf country. The new flight will operate every Saturday beginning July 9, 2016, increasing services to three times a week.

The airline offers flights to an extensive network of more than 90 routes on 64 destinations, spanning Asia, Australia, the Middle East, and USA.

Its 57-strong fleet is comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of two more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.

For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages.

Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.

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.

/pr

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The author is a multi-awarded photographer, journalist, and artist whose works are featured in tourism campaigns (It's More Fun in the Philippines), covers and spreads of books and international magazines. A long time columnist of SunStar Davao, she is a frequent traveler in search of inspirational heartwarming stories of human interest. She is also an  influencer and motivational speaker who gives photography workshops in universities and organizations. A former TV personality, she has done several print and TV commercials, event hosting and speaking engagements. In 2013, she has received an award from the City Government of Davao for her significant contribution in the social media. She was one of the speakers in Photo World Asia 2017.  A web designer/blogger since the 90s, she has seen the evolution of the internet and social media transition from the perspective of a traditional media person.

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