Cebu Pacific’s (CEB) net profit increased by 414% to P4.4 billion last year.
The airline’s improved presence in emerging markets, supported by a conservative fleet expansion plan, likewise contributed to the upward trend.
“CEB’s market grew exponentially in two decades, thanks to the continued trust and patronage of our guests and the support of airline regulators and stakeholders both in the Philippines and abroad,” stated Atty. JR Mantaring, CEB Vice President for Corporate Affairs.
The airline’s passengers now number over 125 million since its inception – “a testament to our commitment in enabling everyone to fly, through our extensive and most affordable flight network.”
In 2015, CEB flew a total of 18.4 million passengers, up 8.9% from the 16.9 million passengers flown in 2014. The record numbers boosted passenger revenues to P42.7 billion, an increase of 6.2% year-on-year.
Cargo revenues likewise posted an upsurge of 10% to P3.5 billion, while ancillary revenues increased by 19.6% to P10.4 billion due to improved online bookings and a wider range of ancillary revenue products and services.
Last year, the number of flights soared by 7.6% year-on-year with the launch of new routes such as Manila – Doha and Cebu – Tokyo (Narita), and increased frequencies of existing routes.
The airline ended 2015 with 55 aircraft, following the acquisition of five brand-new, wide-bodied Airbus A320 and A330 aircraft with a respective configuration of 180 and 436 all-economy class seats.