Cebu Pacific Group reports strong operating profit growth in 2016

Cebu Pacific Group revenue up 10% - financial highlights for 12 months ended 31-Dec-2016:

• Revenue: PHP61,899 million (USD1302 million), +9.6% year-on-year;
• • Ancillary: PHP11,743 million (USD246.9 million), +13.4%;
  • • Baggage fees: PHP5497 million (USD115.6 million), +10.9%;
• Costs: PHP49,648 million (USD1044 million), +6.1%;
• • Fuel: PHP15,821 million (USD332.7 million), -10.4%;
• Operating profit: PHP12,251 million (USD257.6 million), +26.3%;
• Net profit: PHP9754 million (USD205.1 million), +122%;
• Passengers: 19.1 million, +4.1%;
• Passenger load factor: 86.0%;
• Cost per ASK: PHP1.91 (USD 4.0 cents), +1.6%;
• Cost per ASK excl fuel: PHP1.302 (USD 2.7 cents), +11.3%;
• Total assets: PHP100,514 million (USD2114 million);
• Cash and cash equivalents: PHP10,296 million (USD216.5 million);
• Total liabilities: PHP67,009 million (USD1409 million). [more - original PR] [more - original PR - II]

*Based on the average conversion rate at PHP1 = USD0.021029