Cebu Pacific net income soars to P9.46 billion on strong demand and engine gains

Cebu Pacific reported a net income of P9.46 billion for the first nine months of the year, nearly tripling from P3.37 billion in the same period last year.

This significant profit surge was driven by consistent air travel demand and a P5.99 billion gain from the delivery of five free engines.

Total revenues increased by 18 percent to P87.6 billion, with passenger revenues rising 17 percent to P59.66 billion as the airline carried 20 million passengers.

Cargo revenues also saw a substantial jump of 30 percent to P5.19 billion, and ancillary income grew by 17 percent.

The airline's load factor, representing seats booked versus available, was 84.8 percent.

Total spending increased by 16 percent to P79.81 billion, attributed to higher flying and maintenance expenses due to increased air traffic.