The Philippines’ leading carrier Cebu Pacific (CEB) recorded a net income of 4.4bn pesos in 2015, a growth of 414% from the previous year, propelled by robust passenger and cargo revenues, and lower operating expenses.
CEB group’s total revenues went up by 8.7% to P56.5bn, on the back of sustained growth in passenger volume on key domestic and international destinations. 
The airline’s improved presence in emerging markets, supported by a conservative fleet expansion plan, also contributed to the upward trend.
“CEB’s dynamic market has grown exponentially in two decades, thanks to the continued trust and patronage of our valued guests, and the staunch support of airline regulators and stakeholders both in the Philippines and abroad,” CEB vice president for Corporate Affairs Atty JR Mantaring said. 
 “Our passengers now number over 125mn since our inception – a testament to our commitment in enabling ‘every Juan’ to fly through our extensive and most affordable flight network,” he stressed.
CEB flew a total of 18.4mn passengers in 2015, up by 8.9% from the 16.9mn passengers flown in 2014. The numbers boosted passenger revenues to P42.7bn, an increase of 6.2% year-on-year.
Cargo revenues also posted an upsurge of 10% to P3.5bn, while ancillary revenues increased by 19.6% to P10.4bn due to improved online bookings and a wider range of ancillary revenue products and services.
In 2015, the number of flights soared by 7.6% year-on-year with the launch of new routes such as Manila-Doha and Cebu-Tokyo (Narita), and increased frequencies of existing routes.
The airline ended 2015 with 55 aircraft, following the acquisition of five brand-new wide-bodied Airbus A320 and A330 aircraft with a respective configuration of 180 and 436 all-economy class seats.
Cebu Pacific’s 56-strong fleet is comprised seven Airbus A319, 35 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft. It is one of the most modern aircraft fleets in the world. Between 2016 and 2021, CEB expects delivery of three more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.