Cebu Pacific reports USD419m operating loss in 2020

    Cebu Pacific reported (08-Apr-2021) the following financial highlights for 2020:

    • Revenue: PHP22,618 million (USD455.9 million), -73.3% year-on-year;
      • Passenger: PHP12,629 million (USD254.6 million), -79.5%;
      • Cargo: PHP5402 million (USD108.9 million), -6%;
      • Ancillary: PHP4587 million (USD92.5 million), -73.6%;
    • Costs: PHP43,387 million (USD874.6 million), -39.9%;
      • Fuel: PHP6203 million (USD125 million), -75%;
    • Operating profit (loss): (PHP20,769 million) (USD418.7 million), compared to a profit of PHP12,621 million in p-c-p;
    • Net profit (loss): (PHP22,236 million) (USD448.2 million), compared to a profit of PHP9123 million in p-c-p;
    • Total assets: PHP128,458 million (USD2.6 billion);
    • Cash and cash equivalents: PHP5420 million (USD109.3 million);
    • Total liabilities: PHP105,767 million (USD2.1 billion).
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