- CEB boosts flights to Cebu, Davao, and Hong Kong with 59% more seats
- Brand-new planes bring total CEB fleet to 61 aircraft
The Philippines’ largest carrier, Cebu Pacific Air (PSE: CEB) recorded a 2.6% growth in number of passengers in April and will increase the frequency and capacity of selected domestic and international flights starting next month.
The airline will increase its flights’ frequencies and capacities to Cebu, Davao, and Hong Kong, starting July 4, 2017, following the delivery of two brand new aircraft while upgrading flights on these routes from Airbus A320 to A330.
As for passenger traffic, CEB and its wholly owned subsidiary Cebgo reached 1.817 Million passengers in April, as a result of an increase in the summer passenger traffic alongside the traditional Lenten break and the four-day long Labor-Day weekend. Capacity grew 4.2% during this time, bringing total growth in the number of seats sold to 3.3% from January to April 2017.
“To reach our goal of flying 20 million passengers this year, we remain committed to expanding our domestic route network, where we lead with 37 destinations; and looking at opportunities to grow our international market 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.
Additionally, CEB will be increasing frequency of its Manila-Hong Kong route by 50%, resulting in thrice-a-day flights, from the current twice-a-day. CEB will also use the A330’s to fly between Manila and Cebu three-times daily, while the Davao hub will get a boost with two additional daily flights to and from Manila, bringing frequency to four times daily, or 28 weekly flights. The upgrade from a 180-seater A320 to a 436-seater A330 makes available an additional 256 seats for each flight, or 59% more capacity.
“More seats and more flights in high-demand destinations will help lower fares for everyone. Moreover, using larger aircraft will make flying more efficient, freeing-up some aircraft and slots at the Ninoy Aquino International Airport. This will also enable us to increase capacity and frequency for other routes moving forward,” said Mantaring.
For the first four months of 2017, CEB and Cebgo carried a total of 6.63 Million passengers.
Seat Load Factor reached 88.6% in April 2017, bringing the four-month total to 85.1%. CEB ramped-up capacity this year to support domestic destinations such as Siargao, Masbate and Tablas in Romblon.
For the first quarter of 2017, CEB revenues reached approximately USD 340.37 Million, a 4.7% increase year-on-year, driven by growth in ancillary and cargo revenues. However, the growth in costs outpaced that of revenues, bringing net income for the first three months of 2017 to around USD 25.89 Million, in comparison to around USD 81.48 Million in earnings during the same quarter last year.
CEB boasts of one of the youngest fleets in the world, with an average aircraft age of 4.99 years. The carrier’s now 61-strong fleet is comprised of four Airbus A319, 36 Airbus A320, eight Airbus A330, eight ATR 72-500, and five ATR 72-600 aircraft. Between 2017 and 2021, CEB expects delivery of 32 Airbus A321neo, and 11 ATR 72-600 aircraft.
CEB currently offers flights to a total of 37 domestic and 26 international destinations, operating over 100 routes spanning across Asia, Australia, the Middle East, and USA.