Cebu Pacific passengers up 15% in Q2

ABS-CBN News

Posted at Jul 18 2011 06:10 PM | Updated as of Jul 19 2011 02:10 AM

MANILA, Philippines - Budget carrier Cebu Pacific saw a 15% growth in number of passengers during the second quarter of the year, putting it on track to meet its full-year target.

In a statement, Cebu Pacific said it flew over 3.1 million passengers from April to June 2011, against 2.7 million in the same period last year.

Of the number, bulk or 2.4 million were domestic passengers, up 13% year on year. International passengers, on the other hand, totaled 683,000, up 21% from a year ago.

Cebu Pacific is eyeing to carry 12 million passengers in 2011.

“CEB posted strong growth figures in the 2nd quarter of 2011, given its trademark lowest fares, extensive route network and innovative travel services. April and May are seasonally the strongest in domestic travel,” said Candice Iyog, vice president for marketing and distribution.

Meanwhile, Cebu Pacific said it achieved a record load factor of 89% in the second quarter, surpassing its 87% and 88% load factors for the first quarter 2011 and second quarter 2010, respectively.

“We will continue to expand internationally, consistent with our goal to bring more tourists to and from the Philippines. CEB’s international passengers increased in the 2nd quarter, owing to our increased flight frequencies and direct flights from international destinations to Manila, Cebu and Clark,” Iyog said.

Cebu Pacific passengers to and from Singapore went up 22% year on year. Passengers to and from North Asia grew by 13%, led by Taiwan (up 66%), South Korea (up 42%) and China (up 38%).

Cebu Pacific, a unit of Gokongwei-led JG Summit Holdings Inc., flies to 34 domestic and 16 international destinations.