The country’s leading domestic airline, Cebu Pacific (CEB), generated a total
of P11.39 billion in gross revenues from January to June 2009. This made the
airline post 21.3% growth, compared to last year’s P9.39 billion.
According to CEB’s parent company JG Summit Holdings Inc. (JGSHI), the
airline’s profitability this first semester of 2009 was largely because of
additional routes, increase in flight frequencies and capacity due to recently
acquired additional Airbus A320 and ATR72-500.
In fact, from a net loss of P15.66 million last year, the low-fare leader
posted a net income of P1.82 billion for the first half of 2009 alone.
“We are very happy that despite the economic recession, and the dynamic
changes in foreign exchange and fuel costs, we remain a profitable and
financially strong airline,” said CEB VP for marketing and distribution Candice
“Our low-cost carrier strategy has made more and more people utilize air
travel for business and leisure travel. We will continue to offer our value
fares and convenient routes for the benefit of our passengers,” she added.
The airline currently operates the newest fleet in the country, composed of
21 Airbus A319 and A320 aircraft as well as 8 ATR72-500 aircraft. It expects
delivery of 17 more Airbus and two ATR aircraft from the last quarter of 2009
CEB also recently boosted its Manila-Hong Kong service to four times daily,
its Manila-Singapore service to thrice daily and its Manila-Kuala Lumpur service
to daily flights.
The latest flight schedules and seat sales can be found in the website www.cebupacificair.com.
CEB, also Asia’s third-largest low-cost carrier, flew 6.74 million passengers
last year. It now transports even more passengers to 32 domestic and 14
international destinations from its Manila, Cebu, Clark and Davao