Cebu Pacific (CEB) reported a 27 percent growth in cargo revenues for the first half of 2021 compared with last year due to stronger demand for air cargo amid the pandemic.
CEB said revenues from cargo reached P2.81 billion in the six-month period, up from P2.22 billion a year ago. Cargo sales in the first semester accounted for 48 percent of total revenues.
Throughout the pandemic, CEB said it remained agile by exploring”¯alternative revenue streams to boost its cargo operations, including”¯the introduction of”¯hybrid”¯flights with one sector carrying passengers while the other carries purely cargo.
“We continue to make sure the transport of essential goods remains unhampered as we ramp-up our cargo operations and capabilities. This past year has enabled us to pivot our business and focus on maximizing the use of our fleet, including our freighters, to ensure logistics support is fully covered,” said Xander Lao,”¯CEB chief commercial officer.
CEB transported 53.8 million kilograms worth of shipment from January to June this year.
In the second quarter of 2021, it carried a total of 28.7 million kg. of goods across its domestic network and international destinations.
International cargo remains a key component with top commodities such as electronics, automotive parts, aquaculture products, medical goods, fruits and flowers, CEB said.
The airline added it also continues to transport life-saving vaccines from abroad to the
Philippines and across its domestic network. To date, it has carried over 16.5 million vaccine doses from China, on top of over 7 million flown across 23 provinces in the country.
CEB operates the widest domestic network in the Philippines covering 31 destinations, on top of its eight international destinations. Its 74-strong fleet, one of the youngest in the world, includes two dedicated ATR freighters and one A330 freighter.
