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Cebu Air EBIT down 37% in 1Q2012

16-May-2012 11:45 AM

Cebu Air revenue up 24% – financial highlights for three months ended 31-Mar-2012:

  • Revenue: PHP9341 million (USD217.6 million), +24.2% year-on-year;
    • Passenger: PHP7192 million (USD167.5 million), +14.1%;
    • Ancillary: PHP1598 million (USD37.2 million), +112%;
    • Cargo: PHP551 million (USD12.8), +19.0%;
  • Total operating costs: PHP8871 million (USD206.7 million), +30.9%;
  • Fuel: PHP4485 million (USD104.5 million), +38.6%;
  • EBIT: PHP470 million (USD10.9 million), -36.6%;
  • EBIT margin: 5.0%, -4.4 ppts;
  • Net profit: PHP962 million (USD22.4 million), -19.8%;
  • Passenger numbers: 3.4 million, +20.1%;
    • Domestic: 2.6 million, +22.1%;
    • International: 765,000, +13.8%;
  • Load factor: 83.9%, -3.1 ppts;
  • Average fare per passenger: PHP2134 (USD49.7), -5.0%;
  • Average ancillary revenue per passenger: PHP474 (USD11.0), +76.2%;
  • Total cost per ASK: PHP2.53 (USD 5.88 cents), +9.5%;
  • Cost per ASK excl fuel: PHP1.25 (USD 2.91 cents), +3.6%;
  • Market share: 46.5%, +3.9 ppts;
  • Total assets: PHP58,602 million (USD1365 million), +5.2% when compared to period ended 31-Dec-2011;
  • Cash and cash equivalents: PHP14,102 million (USD329 million), +14.4% when compared to period ended 31-Dec-2011;
  • Total liabilities: PHP38,468 million (USD896 million), +5.3% when compared to period ended 31-Dec-2011. [more – original PR]

*Based on the average conversion rate at USD1 = PHP42.9263 for the period