Cebu Pacific operating profit down 45% as fuel costs rise 55% in 2011

Cebu Pacific revenue up 17% - financial highlights for 12 months ended 31-Dec-2011 (according to Philippine Accounting Standards):

• Revenue: PHP33,935 million (USD791.5 million), +16.7% year-on-year;
  • Ancillary: PHP4534 million (USD105.8 million), +94.0%;
• Operating costs: PHP30,408 million (USD709.3 million), +34.3%;
  • Fuel: PHP15,221 million (USD355.1 million), +55.2%;
• Operating profit: PHP3528 million (USD82.3 million), -45.3%;
• Net profit: PHP3624 million (USD84.5 million), -47.6%;
• Load factor: 86%, +1 ppts;
• Cost per ASK: PHP2.46 (USD5.74 cents), +12.8%;
• Total assets: PHP55,681 million (USD1299 million), +11.5%;
• Cash and cash equivalents: PHP8958 million (USD209.0 million), -8.3%;
• Total liabilities: PHP36,515 million (USD851.8 million), +14.0%. [more - Original PR]

*Based on the conversion rate at USD1 = PHP42.8697