This is CEB’s first profitable quarter since the pandemic, as it generated total revenues of P20.9 billion, 211 percent higher than the first quarter last year.
CEB flew 32,000 flights in the first quarter, up 94 percentcyear-on-year. Operating expenses, on the other hand, increased only 63 percent, as increased utilization of aircraft and operating systems, coupled with higher productivity of crew and personnel, also contributed to the improvement of the airline’s profit margin.
CEB remains to have the largest network in the Philippines, flying to 34 local and 24 international destinations by end of the first quarter. CEB also resumed flights to Melbourne and Macau and restarted flights to Hong Kong from Cebu during the quarter.
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