Cebu Pacific FY23 profit: P7.9&B (up 156%)

Cebu Pacific [CEB 32.00, up 3.2%; 195% avgVol] [link], the Gokongwei Family’s budget airline, reported an FY23 net income of P7.9 billion, up 156% from its FY22 net loss of P14.0 billion. Revenues were up 57% to P85.1 billion, with the passenger segment up 78% to P62.5 billion and the ancillary revenue segment up 66% to P24.1 billion. […]

Cebu Pacific FY23 profit: P7.9&B (up 156%)
Cebu Pacific [CEB 32.00, up 3.2%; 195% avgVol] [link], the Gokongwei Family’s budget airline, reported an FY23 net income of P7.9 billion, up 156% from its FY22 net loss of P14.0 billion. Revenues were up 57% to P85.1 billion, with the passenger segment up 78% to P62.5 billion and the ancillary revenue segment up 66% to P24.1 billion. […]