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Cebu Pacific bullish about North Asia expansion following 28% growth in 1Q2011

28-Apr-2011 8:52 AM

Cebu Pacific stated (27-Apr-2011) it remains optimistic about expansion in North Asia, especially with a passenger growth of 28% for its Greater China, Taiwan, Japan and South Korea routes in 1Q2011. The carrier handled 381,513 passengers between North Asia and the Philippines in 1Q2011, compared to 298,485 passengers in 1Q2010. During the quarter, the carrier witnessed passenger growth of 73% in Taiwan, 30% in Japan, 31% in South Korea and 23% in Greater China, compared to the same period last year. The carrier operates 73 weekly services to Greater China, seven weekly services to Taipei, three times weekly to Osaka and 18 times weekly to South Korea. The carrier also plans to launch four times weekly Manila-Busan service on 15-Jun-2011 and has applied to operate to Nagoya and Tokyo in the near future. The carrier also plans to increase flights to Beijing and Guangzhou to accommodate passenger demand. [more]