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Cebu Pacific returns to profitability in 1H2009 on strong passenger and revenue growth


Cebu Pacific reported a net profit of USD38 million in 1H2009, a turnaround from a net loss of USD325,000 in the previous corresponding period, as revenues increased 21% to USD236 million in the period, slightly ahead of its predicted growth of 20%. [1035 words]

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  • On target for 9 million pax in 2009; 17.5 million in 2014
  • Largest domestic Philippine carrier in 1H2009; load factor better than its competitors
  • Benefitting from monopoly routes
  • Continues to expand internationally. Japan and Korea next
  • Committed to fleet growth
  • To boost ancillary revenues with Duty Free sales

Graphs and data:

  • Cebu Pacific financial highlights for 1H2009
  • Cebu Pacific passenger growth forecast (mill): 2008-2014
  • Philippine domestic market share (%): 1H2009
  • Cebu Pacific financial highlights for 1H2009
  • Cebu Pacific route map: Sep-2009
  • Cebu Pacific sector length breakdown (frequency of city pairs by sector length)
  • Cebu Pacific fleet plans: as at Sep-2009
  • Cebu Pacific fleet delivery schedule: as at Sep-2009
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