Cebu Pacific returns to profitability in 1H2009 on strong passenger and revenue growth

Cebu Pacific reported a net profit of USD38 million in 1H2009, a turnaround from a net loss of USD325,000 in the previous corresponding period, as revenues increased 21% to USD236 million in the period, slightly ahead of its predicted growth of 20%. [1035 words]

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This report contains the following subheadings:

• On target for 9 million pax in 2009; 17.5 million in 2014
• Largest domestic Philippine carrier in 1H2009; load factor better than its competitors
• Benefitting from monopoly routes
• Continues to expand internationally. Japan and Korea next
• Committed to fleet growth
• To boost ancillary revenues with Duty Free sales

This report contains the following charts and tables:

• Cebu Pacific financial highlights for 1H2009
• Cebu Pacific passenger growth forecast (mill): 2008-2014
• Philippine domestic market share (%): 1H2009
• Cebu Pacific financial highlights for 1H2009
• Cebu Pacific route map: Sep-2009
• Cebu Pacific sector length breakdown (frequency of city pairs by sector length)
• Cebu Pacific fleet plans: as at Sep-2009
• Cebu Pacific fleet delivery schedule: as at Sep-2009