16-May-2012 11:45 AM
Cebu Air EBIT down 37% in 1Q2012
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