25-Mar-2011 4:29 PM
Cebu Pacific reports big full year profit; airberlin forecasts return to profitability
Analysis
Philippine LCC Cebu Pacific reported a full-year 2010 operating profit of USD147.6 million and net profit of USD158.4 million, more than doubling its results from 2009. The carrier's passenger numbers rose 19.5% while revenue increased 25%. Shares in Cebu Pacific eased 0.1% yesterday, on a generally strong day for LCC shares, particularly in Europe.
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