15-Mar-2012 12:39 PM

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

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