Cebu Pacific is Asia’s fastest growing airline

Airline Business magazine ranked Gokongwei-owned budget carrier Cebu Pacific (CEB) as one of the world’s fastest growing airlines in its 2007 study of the world’s top 150 carriers.

The magazine, which has the largest database on world airlines, revealed in its August 2008 issue that Cebu Pacific is at No. 4 among the Top 150 in terms of revenue passenger traffic growth.

Cebu Pacific’s revenue passengers per kilometer (RPK) grew by 79% in 2007 from 2006. It carried 5.5 million passengers and expects to carry 7 million this year.

Lance Y. Gokongwei, Cebu Pacific president and CEO, said, “Our formula is simple: we have the newest planes and lowest fares, and are always looking for other ways to make travel more convenient and fun.”

Cebu Pacific transferred its full operations to NAIA Terminal 3 last August 1 and is the only airline offering both domestic and international services in a single terminal. “Finally, we are able to offer our passengers a much improved connecting product.” Gokongwei emphasized.

The top 3 airlines with the highest RPK growth rates are: Blue Panorama Airlines (Italy) with 144.3%, FlyGlobeSpan.com (UK) with 104.6% and Etihad Airways (UAE) with 80.3%.

This makes Cebu Pacific the fastest growing airline in Asia.

Further studies of the 2007 airline growth category show that Cebu Pacific is ranked No.1 worldwide among airlines operating for more than 10 years.

Now in its 13th year, Cebu Pacific has the youngest aircraft fleet in the Philippines, comprised of 10 A319s, eight A320s, and two ATR72-500 aircraft.