Cebu Pacific (CEB) released its latest traffic report, noting 2.6 million passengers carried in December 2024, a strong 31.4% increase compared to December 2023. Seat load factor (SLF) improved to 85.2% from 84.8%, while seat capacity grew by 30.7%. Domestic passengers carried grew 32.0% versus December 2023 on 34.5% higher seats, with a SLF of 85.4%. Traffic growth was driven by strong demand around the Christmas holiday period, supported by route launches from new bases in Iloilo and Davao. Davao Hub traffic grew 2.4 times compared to same period last year, driven by new destinations: Boracay, Puerto Princesa, and Tacloban. Meanwhile, Iloilo Hub added 5 more destinations: Dumaguete, Daraga, Tacloban, and Tagbilaran, resulting in 3.3 times increase in hub traffic year over year.
International passenger traffic, meanwhile, grew 29.5% year over year on 21.0% higher seats, which allowed a 5.6 percentage point increase in SLF to 84.7%. Japan, Vietnam, Thailand and Hong Kong recorded strong growth driven by additional frequencies and capacity for these key destinations. These bring CEB passengers to 24.5 million for full year 2024, marking a 17.6% increase from 20.9 million in 2023. Domestic passengers grew 15.5% to 18.5 million, while international passengers grew 24.6% to 6.0 million. SLF averaged 84.4%, while overall capacity in seats grew 17.1% to 29.1 million. “CEB is strategically positioned to take advantage of the Philippines’ economic growth and robust travel demand. The increased growth rate through Q4 2024 has already been absorbed by the market with load factors stable to positive versus the previous year. We will continue to focus on the reliability and stability in our operations through our ongoing management of powdered metal issues with Pratt &Whitney and at the same time optimizing our capacity to serve the increase in consumer demand” said Mike Szucs, CEO of CEB. Cebu Pacific (CEB) is the Philippines leading airline. It entered the aviaon industry in March 1996 and as a lowcost- carrier it pioneered the “low fare, great value” strategy. Since its inception it has flown over 250 million passengers. CEB offers the widest network coverage in the Philippines with 37 domesc and 26 international destinations It operates one of the youngest fleets in the world, with a fleet of 98 aircraft.
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