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Saturday, October 29, 2011

Stock News 2011: CEB passenger traffic up 30%

Cebu Pacific Airbus A???Image via Wikipedia
Cebu Pacific (CEB) has posted a 30 percent growth in passenger traffic between the Philippines and ASEAN destinations in the third quarter of 2011 compared to the same period last year.

From July to September 2011, CEB flew close to 286,000 passengers to and from ASEAN destinations with an average load factor of 81 percent.

“There are 10 member states in the Association of Southeast Asian Nations (ASEAN), and we look forward to expanding Cebu Pacific’s network further in this region. We believe our neighboring Southeast Asian countries can benefit greatly from direct access and additional connectivity to the Philippines, especially with our trademark low fares,” said CEB VP for Marketing and Distribution Candice Iyog.

The airline took delivery of one brand-new Airbus A320 last October 26, 2011, and will take another A320 in December 2011. This provides additional capacity for network, flight and route expansion.

“CEB’s combination of low fares, fun service, new planes and extensive network stimulates demand for tourism and trade, and grows the market. We want to continue doing this for the ASEAN region where we fly the most passengers to and from the Philippines,” she added.

http://mb.com.ph/articles/339354/ceb-passenger-traffic-30


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