Cebu Pacific reports 31% y/y passenger increase in December
Cebu Pacific [CEB 27.85, up 0.5%; 233% avgVol] [link], the Gokongwei Family’s budget airline, reported carrying 2.6 million passengers in December 2024, up 31.4% y/y from December 2023, with a seat load factor (SLF) of 85.2% (up from 84.8%). CEB said that domestic passengers increased 32% (85.4% SLF) and international passengers increased 29% (84.7% SLF). The airline carried 24.5 million passengers in 2024, up 17.6% from 2023. The management team said that the airline is “strategically positioned to take advantage of the Philippines’ economic growth and robust travel demand.”