CEbu Pacific Drop

The rise in expenses was attributed to flying operation expenses climbing 28.1 percent to P10.5 billion in the first half from P8.2 billion in same period last year. Aircraft and traffic servicing expenses increased 15.4 percent because international flights, for which landing and take-off fees and ground-handling charges are significantly higher compared with domestic flights, went up 11.0 percent from 2011.

In addition, the company’s repair and maintenance expenses went up 35.2 percent to P1.619 billion from P1.197 billion in the same period last year mainly due to the overall increase in the number of flights.
Fuel hedging gains of P27.193 million in the six months to June 30 resulted from the higher mark-to-market valuation on fuel hedging positions following the increase in fuel prices from the end of 2011.
As of June 30, the company operated an extensive network serving 52 domestic routes and 28 international routes with a total of 1,885 scheduled weekly flights.

Cebu Pacific operates from four hubs, including the Ninoy Aquino International Airport Terminal 3 in Pasay City; Mactan-Cebu International Airport in Lapu-Lapu City, part of Metropolitan Cebu; Diosdado Macapagal International Airport in Clark, Pampanga; and Davao International Airport in Davao City.
The company operates a fleet of 38 aircraft comprising 10 Airbus A319s, 20 Airbus A320s, and eight ATR 72-500s. It operates its Airbus aircraft on both domestic and international routes and the ATR 72-500 planes on domestic routes, including destinations with runway limitations. The average aircraft age of Cebu Pacific’s fleet was around 3.6 years as of June 30.