Philippine carrier Cebu Pacific reported its net income for the first half of 2014 at PHP 3 billion (US$68.4 million), an increase from Php 257 million for the same period last year. Its Q2 2014 total revenues increased 33.7 per cent YoY to Php 14.95 billion.
Cargo revenues posted an increase of 15.7 per cent as CEB carried 37 million of kilos of cargo, an increase of 17.7 per cent for the same period last year. Ancillary revenues grew 27.4 per cent to P2.2 billion driven by 6.4 per cent increase in ancillary revenue per passenger and increased passenger traffic.
CEB’s 50-strong fleet is comprised of 10 Airbus A319, 28 Airbus A320, 4 Airbus A330 and 8 ATR-72 500 aircraft. Between 2014 and 2021, Cebu Pacific will take delivery of 11 more brand-new Airbus A320, 30 Airbus A321neo, and three Airbus A330 aircrafts.