Cebu Pacific profit leaps in 1Q
Philippines-based low-cost carrier (LCC) Cebu Pacific Air reported first-quarter net income of PHP2.2 billion ($50 million), up significantly from a PHP164.2 million profit in the year-ago period. The airline said the results were due to "œbullish income and passenger growth in key markets, lowest possible fares and network expansion."
Revenue rose 20.7% to PHP14.2 billion while expenses increased 1% to PHP11.4 billion.
Read full story: atwonline.com
Posted: 21 May 2015 04:26:44