Asia300

Cebu Air, Inc.

Philippines

  • 1m
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Mar 24, 2017
Prev close: 91.2
Mar 24, 2017
Market cap:
Market cap(USD):
55,262.9M
1,098.26M
Shares: 605.95M

Currency in PHP

Company profile

Market(Ticker): PHS(CEB)
Sector:
Industry:
Transportation
Airlines
Full time employees: 3,779

Business summary

Cebu Air, Inc. provides air cargo services. It operates as a carrier in the Philippine air transportation industry, which engages in transportation of passengers, mail, merchandise and freight. The company's distribution channels, such as Internet; direct sales through booking; sales offices; call centers and government/corporate client accounts; and third-party sales outlets. It offers ancillary services such as cancellation and rebooking options, in-flight merchandising, baggage and travel-related products and services. The company was founded on August 26, 1988 and is headquartered in Cebu, Philippines.

Company background

Cebu Air operates Cebu Pacific Air, the Philippines' largest budget carrier. The company is a unit of JG Summit Holdings, a diversified conglomerate controlled by the Gokongwei family. The airline began operating in 1996 with its first domestic flight from Manila to the Philippine central island of Cebu. Its international operations began in 2001 with flights from Manila to Hong Kong. By the end of 2013, the company was operating a network of 60 domestic and 32 international routes, with a total of 2,284 scheduled weekly flights.

In April of this year, the EU removed the airline from a safety blacklist, and in June, the company secured clearance from the Federal Aviation Administration to fly to the U.S.

The airline is headed by CEO Lance Gokongwei, the only son of tycoon John Gokongwei, who founded the JG Summit empire as a corn starch producer. The younger Gokongwei, who holds a double degree in finance and applied science from the University of Pennsylvania, sits on the board of major companies controlled by the Gokongwei family, including those involved in food and beverage, real estate, property, banking and petrochemicals.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 56,501.65M
Gross profit 11,252.36M
Operating income 9,700.22M
Income before tax 3,493.37M
Net income 4,387.22M
EBITDA 14,811.76M
Diluted EPS 7.24
Dividends per share 1
Total assets 87,526.65M
Total liabilities 62,571.46M
Total equity 24,955.19M
Operating cash flow 12,496.16M

Currency in PHP

Revenue 1,240.89M
Gross profit 247.12M
Operating income 213.03M
Income before tax 76.72M
Net income 96.35M
EBITDA 325.29M
Diluted EPS 0.15
Dividends per share 0.02
Total assets 1,860.09M
Total liabilities 1,329.75M
Total equity 530.34M
Operating cash flow 274.44M

Currency in USD

Valuation measures

Dec 2015

PER 11.37
ROA 5.29%
ROE 18.87%
Operating margin 17.16%
Profit margin 7.76%

Key executive

  • President, CEO & Executive Director: Lance Yu Gokongwei
  • Chief Financial Officer: Andrew L. Huang
  • Senior VP, Chief Strategy & Compliance Officer: Bach Johann M. Sebastian
  • Treasurer & Vice President: Jeanette U. Yu
  • Vice President & Comptroller: Robin C. Dui

Share holders

  • JG Summit Holdings, Inc.(67.2%)
  • Dimensional Fund Advisors LP(1.2%)
  • Norges Bank Investment Management(1.1%)
  • Grantham, Mayo, Van Otterloo & Co. LLC(1.0%)
  • The Vanguard Group, Inc.(0.7%)
  • FIL Investment Management (Singapore) Ltd.(0.3%)
  • BlackRock Fund Advisors(0.3%)
  • Acadian Asset Management LLC(0.2%)
  • SSgA Funds Management, Inc.(0.1%)
  • Fideuram Asset Management (Ireland) Ltd.(0.1%)

Address

  • Website: http://www.cebupacificair.com
  • Address: Doña Juanita Marquez Lim Building, Osmeña Boulevard, Cebu, 6000, Philippines
  • Phone: +63.2.852.2461

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