Cebu Pacific has set a target of flying 22
million passengers in 2018, aligned with the increase in domestic
and international inbound tourists.
The target is 12% over the actual number
of passengers flown in 2017.
Last year, Cebu Pacific flew 19.7 million
passengers, up 3% year-on-year. Growth in domestic travel was
relatively flat year-on-year. However, the number of international
passengers expanded almost 8%, with strong performance in key
markets like Sydney, Dubai, Hong Kong, Narita, Taipei and Incheon.
“Despite the challenges posed by higher prices
of petroleum products, the weakening of the Peso versus the US
Dollar, security concerns and travel advisories, we have remained
relatively resilient. To reach our goal of flying 22 million
passengers this year, we remain committed to offering a compelling
route network where we can meet rising demand and sustain our
year-round low fare proposition,” said Atty. JR Mantaring, Vice
President for Corporate Affairs of Cebu Pacific. “We are also
committed to transforming the customer experience and enhancing
safety through continuous investments in technology and facilities
as well as process improvements.”
Cebu Pacific posted a net income of PHP7.9
billion (approximately USD152,788) in 2017, with passenger
revenues up 7% and ancillary revenues - including baggage
allowance, seat selection and pre-ordered meals - up 15%
year-on-year. Fuel costs were over 20% higher in 2017 and the
average fare was up just 4% in 2017.
Cebu Pacific is expecting delivery of another
three brand-new Airbus A321ceos (pictured) in the
coming days, adding to its current fleet of 62 aircraft. The
carrier invested USD4.9 billion for a total of seven Airbus
A321ceos and 32 Airbus A321neos, with deliveries
starting this year until 2022.