July 10, 2013

Cebu Pacific books more passengers

 Listed budget airline Cebu Air Inc. (Cebu Pacific) booked a  6% growth in the number of passengers in the first five months of the year.

Based on its operating statistics posted on its website, Cebu Pacific served 6.278  M passengers from January to May this year or 279,310 higher than the 5.928 M served in the same period last year. Domestic passengers climbed 5.4% while  foreign passengers grew 7.6%.

The company’s capacity likewise expanded by 5.4% to 7.319  M seats in the first five months of the year from 6.943  M translating to a load factor of 85.8% this year from last year’s 85.4%.

Cebu Pacific said it is likely to miss its projected passenger of 15 M this year due to the slowdown in aircraft traffic in the country as well as the incident involving its aircraft. - WealthSec