The Gokongwei family-led carrier said operating income also rose 12 percent to ₱2.8 billion. Net income, after taking into account financing costs and other non-core items, slumped to ₱1.3 billion from ₱2.7 billion last year.
“This has been a very important quarter for our airline, marked by significant achievements and crucial milestones. We’ve set new highs in terms of passengers flown; finalized our quasi-reorganization; and made the historic order of up to 152 aircraft from Airbus,” said Cebu Pacific CEO Michael Szucs.
“This substantive commitment, through the new aircraft order, aligns Cebu Pacific’s ability to grow with the robust economic story in the Philippines and its ongoing investment in infrastructure.”
All-time high volume
Cebu Pacific carried six million passengers, the highest in a single quarter, up 10 percent due to increased travel during summer and school breaks, and more flights to busy destinations like Cebu, Davao, and General Santos.
Regional travel to places like Hong Kong, Japan, Vietnam, and Australia also boosted numbers.
The passenger business earned nearly ₱18 billion, a 13 percent increase, while the ancillary business made close to ₱7 billion, up 16 percent.
The cargo business improved significantly, flying almost 36 million kilos of cargo, 39 percent more than last year, generating over ₱1.4 billion in revenue, a 59 percent increase.
