Cebu Air, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 07:45 pm EST
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Cebu Air, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was PHP 16,851.79 million compared to PHP 3,245.42 million a year ago. Net loss was PHP 2,544.83 million compared to PHP 8,200.14 million a year ago. Basic loss per share from continuing operations was PHP 4.47 compared to PHP 13.92 a year ago. Diluted loss per share from continuing operations was PHP 4.47 compared to PHP 13.92 a year ago.
For the nine months, revenue was PHP 37,533.37 million compared to PHP 9,149.62 million a year ago. Net loss was PHP 12,045.61 million compared to PHP 21,992.79 million a year ago. Basic loss per share from continuing operations was PHP 20.46 compared to PHP 37.17 a year ago. Diluted loss per share from continuing operations was PHP 20.46 compared to PHP 37.17 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. 
