17-May-2011 11:05 AM
Cebu Pacific's operating profit down 51% in 1Q2011
Cebu Pacific revenue up 7% - financial highlights for the three months ended 31-Mar-2011 (according to Philippine Financial Reporting Standards):
- Revenue: USD173.4 million, +7.4% year-on-year;
- Ancillary: USD17.4 million, +53.4%;
- Costs: USD156.3 million, +23.2%;
- Fuel: USD74.6 million, +40.8%;
- Operating profit: USD17.1 million, -50.6%;
- Net profit: USD27.7 million, -22.9%;
- Total assets: USD1228 million, +6.6% when compared with the period ended 31-Dec-2010;
- Cash and cash equivalents: USD237.4 million, +5.4% when compared with the period ended 31-Dec-2010;
- Total liabilities: USD791.0 million, +7.1% when compared with the period ended 31-Dec-2010;
- Passenger numbers: 2.8 million, +11.9%;
- Seat factor: 87%, +4 ppts;
- Average fares: USD51.80, -6.6%. [more]
* Based on the conversion rate USD1 = PHP43.36