Q3 2023 Cebu Air Inc Earnings Call Transcript
Good day, everyone. We are delighted to have you join us for Cebu Pacific's investor call. Today, we'll be sharing with you our business and financial highlights for the third quarter and 9 months of 2023 and some key commercial and operational updates, including the recent news that will impact our fleet and network. We are eager to discuss the concrete actions we have taken to effectively address ongoing issues to ensure the continued growth and success of Cebu Pacific.
Let us now dive into the presentation, starting off with the business and financial highlights. For the third quarter of 2023, Cebu Pacific flew over 35,000 flights, up 18% year-on-year and 1% higher than the same period in 2019. That enabled us to fly 7.2 billion ASKs and 6.3 million seats, up 41% and 12% year-on-year, respectively. Compared to the same period in 2019, that's almost 100% capacity restoration in terms of ASKs and 98% in terms of seats flown.
We flew 30.2 million kilos of cargo, 44% lower than 2019 at an average yield of PHP 29.3
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