The Philippines' leading carrier, Cebu Pacific Air (PSE: CEB) broke its record for the most number of passengers flown in a single day. Last May 7, 2018, Cebu Pacific, along with subsidiary Cebgo, flew a total of 65,298 passengers, beating its previous record of 64,684 passengers flown last December 27, 2016.
The passengers were flown on a total of 395 flights, comprised of 302 Cebu Pacific and 93 Cebgo flights. Cebu Pacific operates flights out of seven hubs in the Philippines—Manila, Clark, Iloilo, Kalibo, Cebu, Cagayan de Oro (Laguindingan) and Davao, to 37 domestic and 26 international destinations across Asia, Australia, the Middle East, and USA.
"As summer peak season reaches full swing, we are seeing more tourists going on vacation. The growth in the Meetings, incentives, conferences and exhibitions (MICE) sector is also driving passenger traffic. As passenger traffic continues to grow, we are committed to improving our service to make flying with Cebu Pacific more pleasant, safer and more efficient," said Atty JR Mantaring, Vice President for Corporate Affairs of Cebu Pacific.
Cebu Pacific maintains its lead as the Philippines' largest carrier, with 53% market share as of the first quarter of 2018. During the same period, CEB flew a total of 4.9 Million passengers, up 1.3% year-on-year, on the back of increased presence in areas outside of Metro Manila. The launch of direct service from Manila to Siargao and Batanes contributed to the sustained growth in CEB passenger volume, coupled with double-digit growth in CEB short-haul international routes, particularly Bali, Nagoya, Narita, Incheon, Xiamen and Bangkok.
Cebu Pacific operates one of the youngest fleets in the world with an average age of below five years old for all its aircraft. Its 65-strong fleet is comprised of four Airbus A321ceo (Current Engine Option), 36 Airbus A320, eight Airbus A330, eight ATR 72-500, and nine ATR 72-600 aircraft. Between 2018 and 2022, CEB expects delivery of four more A321ceo, 32 Airbus A321neo, and seven ATR 72-600 aircraft.