Cebu Pacific profits double in 2010

Cebu Pacific revenue up 25% - financial highlights for the 12 months ended 31-Dec-2010 (Inquirer/Manila Bulletin/ABS-CBNnews.com/Manila Standard Today, 18-Mar-2011):

• Revenue*: USD665.7 million, +24.8% year-on-year;
• Operating costs: USD518.1 million, +12.4%;
• Operating profit: USD147.6 million, +103.9%;
• EBITDAR margin: 34.9%, +5.7 ppts;
• Net profit: USD158.4 million, +112.5%;
• Passenger numbers: 10.7 million, +21%;
  • International: 2 million, n/a;
• Assets: USD1143 million, +40%;
• 2011 forecast:
  • Passenger numbers: 12 million, +12.1%.

*Based on the conversion rate USD1 = PHP43.7