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Cebu Pacific's operating profit down 51% in 1Q2011

17-May-2011 11:05 AM

Cebu Pacific revenue up 7% – financial highlights for the three months ended 31-Mar-2011 (according to Philippine Financial Reporting Standards):

  • Revenue: USD173.4 million, +7.4% year-on-year;
    • Ancillary: USD17.4 million, +53.4%;
  • Costs: USD156.3 million, +23.2%;
    • Fuel: USD74.6 million, +40.8%;
  • Operating profit: USD17.1 million, -50.6%;
  • Net profit: USD27.7 million, -22.9%;
  • Total assets: USD1228 million, +6.6% when compared with the period ended 31-Dec-2010;
  • Cash and cash equivalents: USD237.4 million, +5.4% when compared with the period ended 31-Dec-2010;
  • Total liabilities: USD791.0 million, +7.1% when compared with the period ended 31-Dec-2010;
  • Passenger numbers: 2.8 million, +11.9%;
  • Seat factor: 87%, +4 ppts;
  • Average fares: USD51.80, -6.6%. [more]

* Based on the conversion rate USD1 = PHP43.36