Cebu Pacific flies 9.8M passengers in Jan-Sept, up 12%
MANILA, Philippines - Cebu Pacific has flown almost 9.8 million passengers in the nine months to September, remaining on track its target of 14 million this year.
In a disclosure to the stock exchange, the budget carrier said passengers flown in January to September this year were 12% more than the 8.7 million travelers serviced in the same period a year ago.
The growth was buoyed by additional routes from Cebu and increased capacity for international destinations, the firm said.
"We were able to increase passengers from Cebu to Visayas by 47%, to Luzon by 42%, and to Mindanao by 30%. This best illustrates the Cebu Pacific effect--whenever we enter new markets or add capacity, we effectively stimulate travel and enable every Juan to fly with our trademark low fares," Candice Iyog, vice president for marketing and distribution, said in the disclosure.
The Gokongwei-led airline also realized a 19% growth in passengers to and from Malaysia, and a 25% increase for those coming in and out of Taiwan.
Moreover, Cebu Pacific said passengers to and from mainland China went up by 29%, while those to and from Brunei climbed 24%.
Iyog stressed "Cebu Pacific remains on track with hitting its 14 million passenger target for 2012."
"We launched 10 domestic routes in October, as well as the first international flights out of Iloilo, CEB's Iloilo-Hong Kong and Iloilo-Singapore services, in November. We will also launch Cebu-Bangkok and Cebu-Kuala Lumpur services in December," she added.
Further increase in the number of passengers is foreseen next year as the airline announces its first long-haul flight, Iyog said.
Last year, Cebu Pacific carried 11.94 million passengers, narrowly missing its target of flying 12 million.