Cebu Pacific 2016 net profit doubles to $196 million

Credit: Rob Finlayson
Philippine-based low-cost carrier (LCC) Cebu Pacific Air posted a PHP9.8billion ($196.4 million) net profit in 2016, more than doubling the company’s PHP4.4 billion net income reported in 2015 . Cebu attributed the growth to increased passenger demand and growth in ancillary revenues. The airline...
Mark Nensel

Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter…

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