CEB ready for more competition with international LCCs
17-Dec-2010 Takes delivery of 2 new aircraft this month
The Philippines' largest national flag carrier, Cebu Pacific (CEB) is ready for more competition with international low-cost carriers here and in the region.
"We are lean-and-mean efficient, with a very young fleet of Airbus aircraft and a highly motivated team. This year, our financial performance ranks among the best in the world. We are ready for more competition in our own country and in theirs," said CEB VP for Marketing and Distribution Candice Iyog.
"Our Airbus fleet will significantly increase in size by 2014, positioning us for further growth and stronger output, and of course for fair and legitimate competition which ultimately benefits the public," she added.
CEB's 13th brand-new Airbus A320 aircraft arrives today, and the airline will take delivery of its 14th Airbus A320 before the end of this month.
It will end 2011 with 10 Airbus A319, 19 Airbus A320 and 8 ATR 72-500 aircraft. This fleet of 37 aircraft will be the only 100% brand-new aircraft fleet in the Philippines. An additional 16 Airbus A320 aircraft will be delivered from 2012 to 2014.
"For November alone, we flew approximately 895,000 passengers, with an 89% load factor. Our on-time performance is at 88.3%, sustaining its streak above the global industry average," Iyog said.
"We will remain consistent in offering the lowest year-round fares in all 33 domestic and 16 international destinations we operate in, and provide our passengers fun service and a high-quality travel product," she added.
CEB reported a net income of P4.8 billion for the first nine months of 2010, up 153.8% from the same period last year. The airline also flew the most number of domestic and international passengers in the 1st half of 2010, based on Philippine Civil Aeronautics Board data.