Cebu Air, Inc. Announces Operating Results for the First Quarter Ended March 2016; Provides Operating Guidance for the Full Year of 2016
April 26, 2016 at 09:31 pm EDT
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Cebu Air, Inc. announced operating results for the first quarter ended March 2016. For the quarter, the company flew a total of 1.6-million passengers in all its domestic and international flights last month, 7% more than the 1.5 million it carried in March 2015. This brought its first-quarter passenger volume to 4.8 million, up by 13% from a year ago.
For 2016, the company targets to ferry more than 19-million passengers, higher than the 18.4-million passengers it logged the preceding year.
Cebu Air, Inc. is a Philippines-based airline company that operates under the trade name Cebu Pacific and Cebu Pacific Air. The Company is engaged in the business of providing air transportation services. It is involved in the transportation of passengers, mail, merchandise, and freight, and to acquire, purchase, lease, construct, own, maintain, operate, and dispose of airplanes and other aircraft of every kind and description. In addition to passenger service and airport-to-airport cargo services, the Company also offers ancillary services, such as travel insurance, in-flight merchandise, baggage, and travel-related products and services. It operates in two segments: the airline business and the line and light maintenance business. It operates a fleet of 76 aircraft, which comprises of 21 Airbus A320 CEO, seven Airbus A321 CEO, nine Airbus A320 NEO, 10 Airbus A321 NEO, five Airbus A330 CEO, four Airbus A330 NEO, six ATR 72-500, and 14 ATR 72-600 aircraft.
CEBU AIR, INC. 
