Tigerair Philippines recorded a 168.5-percent year-on-year increase in traffic to 1.4 billion revenue passenger-kilometer, (RPK),while its capacity increased by 117.1 percent to 1.7 billion available seat-kilometer (ASK) for the 12 months to January 2014.
Consequently, passenger load factor was 15.3 percentage points higher at 80 percent. The number of passengers carried by Tigerair Philippines grew by 187.1 percent to 1.4 million, compared to 498,000 in the previous period.
For the month of January 2014, Tigerair Philippines recorded a 27.9-percent year-on-year increase in traffic to 142 million RPK, while capacity increased by 8.9 percent to 172 million ASK.
Consequently, year-on-year passenger load factor improved by 12.3 percentage points to 82.6 percent. The number of passengers carried grew by 18.6 percent year-on-year to 134,000.
The jump in the passenger figures of Tigerair Philippines will surely benefit Cebu Pacific Air.
Cebu Pacific Air has signed the share purchase agreement to acquire 100 percent of Tigerair Philippines, including the 40-percent stake of Tiger Airways Holdings Ltd. of Singapore.
The local carrier said that as part of the initial stage of the strategic alliance with Tigerair, flights of Tigerair Philippines will be available in the Cebu Pacific website www.cebupacificair.com and through its other booking channels, beginning mid-March this year.
In an earlier statement, Lance Gokongwei, Cebu Pacific president and chief executive officer, said that, “The Cebu Pacific and Tigerair alliance offer the largest low-cost network to and from the Philippines.”
At present, Cebu Pacific operates over 2,200 flights per week with 49 aircraft to 24 international and 33 Philippine cities in its network.
Tigerair Philippines currently operates about 118 flights a week with five aircraft to 11 domestic and international destinations from its bases in Manila and Clark in Pampanga province.
Largest budget carrier
For Tigerair Philippines’ part, its president and chief executive officer Olive Ramos said that, “In the next few months, our passengers will experience a more vibrant and dynamic Tigerair Philippines. This alliance will leave an indelible mark in the travel and tourism sector as we combine our strengths to deliver the best products and services to the traveling public.”