March 14, 2013

Cebu Pacific net Income Slightly Drops


Cebu Pacific generated gross revenues of P37.9 bilion in 2012, 11.7% higher from 2011's P33.94 billion, mainly attributed to the 11.1% growth in passenger volume driven by the increased number of flights and higher seat load factor of 82.7% in 2012.

the main contributor to expenses was aviation fuel expenses. EBITDAR increased 2.0% to P8.04 billion with margin sustained at 21.2%. Net income for the year slightly dropped to P3.60 billion from P3.62 billion in 2011.