Cebu Pacific on track for 12 million pax in 2011 following 12% growth in 1Q

Cebu Pacific stated it handled more than 2.8 million passengers in 1Q2011, marking growth of 12% year-on-year increase. Load factors averaged 87% for a 4ppt improvement. This result keeps the airline on track to achieving its 12 million-passenger target this year, which would be a 15% increase from the 10.46 million passengers handled in 2010.