Cebu Air, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 11:04 pm EDT
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Cebu Air, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was PHP 3,195.123 million compared to PHP 1,420.338 million a year ago. Operating loss was PHP 5,842.718 million compared to PHP 6,290.680 million a year ago. Net loss was PHP 6,473.566 million compared to PHP 7,958.542 million a year ago. For the half year, total revenue was PHP 5,904.200 million compared to PHP 17,334.421 million a year ago. Operating loss was PHP 12,684.831 million compared to PHP 6,983.544 million a year ago. Net loss was PHP 13,792.652 million compared to PHP 9,141.527 million a year ago. Basic loss per share from continuing operations was PHP 23.38 compared to PHP 15.31 a year ago. Diluted loss per share from continuing operations was PHP 11.12 compared to PHP 15.31 a year ago.
Cebu Air, Inc. is a Philippines-based airline company that operates under the trade name Cebu Pacific and Cebu Pacific Air. The Company is engaged in the business of providing air transportation services. It is involved in the transportation of passengers, mail, merchandise, and freight, and to acquire, purchase, lease, construct, own, maintain, operate, and dispose of airplanes and other aircraft of every kind and description. In addition to passenger service and airport-to-airport cargo services, the Company also offers ancillary services, such as travel insurance, in-flight merchandise, baggage, and travel-related products and services. It operates in two segments: the airline business and the line and light maintenance business. It operates a fleet of 76 aircraft, which comprises of 21 Airbus A320 CEO, seven Airbus A321 CEO, nine Airbus A320 NEO, 10 Airbus A321 NEO, five Airbus A330 CEO, four Airbus A330 NEO, six ATR 72-500, and 14 ATR 72-600 aircraft.
CEBU AIR, INC. 
