Philippines-based low-cost carrier (LCC) Cebu Pacific reported a 2014 profit of PHP853.5 million ($623.5 million), up 67% from a PHP511.9 million profit in the year-ago period. The airline said the results were due to “sustained demand for air travel and entry to new markets such as Japan, Middle East and Australia.” Revenue rose 26.8% to PHP52 billion while operational costs also grew 20.4% to PHP26.2 billion, producing an operating profit of PHP4.1billion, up 72.9% from the ...

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