Cebu Pacific reports profit more than doubled in 2010

Cebu Pacific reported revenue rose 25% year-on-year in 2010, with net profit up more than 100% to USD158.4 million. Shares in Cebu Pacific rose 0.7% in trading on Friday, in another mixed day for Asian LCC shares. Tiger Airways shares were 6% higher, Virgin Blue gained 3%, but Air Asia and SpiceJet shares both fell.

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