Cebu Pacific has 48% domestic cargo share

Philippines-based low cost carrier Cebu Pacific has captured 48 per cent of the domestic air cargo market in Q1, according to the Civil Aeronautics Board (CAB). It carried 22.1 million kg from January to March this year – 22.7 per cent more than the 18.01 million kg it transported last year.


Cebu Pacific has 48% domestic cargo share


Philippines-based low cost carrier Cebu Pacific has captured 48 per cent of the domestic air cargo market in Q1, according to the Civil Aeronautics Board (CAB). It carried 22.1 million kg from
January to March this year – 22.7 per cent more than the 18.01 million kg it transported last year.

Philippine Airlines (PAL), on the other hand, transported 12.51 million kg in cargo in the same period, down by 12 per cent from 14.23 million kg last year, according to CAB data. Candice Iyog, vice-president for marketing and distribution, Cebu Air, pointed out that the high cargo tonnage highlighted “Cebu Pacific’s extensive domestic network”. Cebu’s cargo volumes account for six per cent
of the company’s consolidated revenues of P9.34 billion (US$226 million) in the first quarter, which was 24.2 per cent higher than P7.52 billion recorded in the same period last year.

Cebu Air booked P962.40 million in profits for January to March, 19.8 per cent down from P1.2 billion in the same period last year due to higher expenses from flying operations. The airline’s
consolidated expenses surged by 30.8 per cent to P8.87 billion from P6.78 billion in the previous year attributable to high prices of jet fuel.