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Cebu-Pac post double digit growth in passenger volumes

25 Nov

Cebu Air Inc. (CEB) recorded a double-digit growth in passenger volume in the first 10 months of the year.

The number of passengers ferried by the company jumped 15.7% to 13.9 million from January to October this year compared to 12.04 million in the same period last year.

With the delivery of four brand new aircraft, the capacity of Cebu Pacific grew 13.1% to 16.6 million in the first 10 months of the year from 14.6 million in the same period last year.

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This translated to a higher load factor of 84.2% in the first 10 months of the year from 82.3% in the same period last year.

For the month of October alone, volume of passengers carried by Cebu Pacific jumped 24.2% to 1.41 million from 1.1 million in the same month last year.

Moreover, capacity also rose 12.8% to 1.7 million from 1.5 million translating to a higher load factor of 83.9% from 76.2%. Number of flights went up by 7.4% to 10,318 from 9,605.

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Posted by on November 25, 2014 in CEB, Corporate News, Stock Market

 

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