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Cebu Pacific booked US$39 million profit for latest quarter
May 13th 2024
Cebu Pacific has more than doubled its net profit in the three months to March 31, to 2.2 billion peso (US$39 million). Read More » The LCC delivered a 1.1 billion peso net profit in the year ago period. Revenue increased 24.8%, to 17.8 billion peso, Cebu Pacific said in a regulatory filing. The positive first quarter performance was underpinned by seasonal holiday demand and its expanding international network, the airline said. “As Cebu Pacific steps into 2024, it is committed to sustaining the positive momentum it has started in the past year,” Cebu Pacific chief financial officer, Mark Cezar, said. “Given we are [the Philippines airline] with the widest network, operating to more than 35 domestic and 24 international destinations, we will continue our mission to offer safe, reliable and affordable flights to everyone.”
