CEBU Pacific is targeting to fly 18 million passengers this year from 16.9 million in 2014, its president and CEO told reporters over the weekend, saying the increase will come mainly from international routes the airline added last year.
“This year we are shooting for 18 million combined. In 2014 we managed 16.9 million,” said Lance Gokongwei, Cebu Pacific president and CEO.
“I think the bulk will be some increases from domestic and short-haul. In terms of percentage increase, the greatest increase will be from the long haul because last year we launched the four additional routes. Aside from Dubai, we now fly to Riyadh, Sydney, Kuwait, and now Doha.”
In the first quarter of the year, the Cebu Pacific Group registered a 13-percent increase in passenger growth ̶ both domestic and international ̶ to 4.3 million from 3.8 million on-year.
Wholly-owned subsidiary Cebgo, formerly Tigerair Philippines, generated P2.2 billion in net income in January to March, over 13 times more than the P164.2 million it made a year earlier.
First quarter revenues for the group rose by 20.7 percent to P14.2 billion. Passenger revenues grew by 22.2 to P10.8 billion, and Cargo revenues were up 13.6 percent to P772.5 million.
Ancillary revenues rose by 17 percent to P2.6 billion, driven by improved online bookings and a wider range of ancillary revenue products and services.