Cebu Pacific, the Philippines’ leading carrier, generated ₱68.6 billion in total revenue for the first half of the year, marking an 8% increase year-on-year. The revenue growth was driven by sustained demand across both domestic and international travel, despite a challenging operating environment caused by global fuel price volatility.
Passenger Revenues: Up 7% to ₱47.2 billion.
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Ancillary & Cargo Revenue: Expanded by 11% and 13%, respectively.
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Passenger Volume: Nearly 14.5 million passengers carried (up 4% YoY), supported by a 5% increase in domestic travel and 2% growth in international flights.
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Market Leadership: CEB expanded its domestic market share to 60% in the second quarter, up from 55% during the same period last year.
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Operational Excellence: Achieved an 84.2% On-Time Performance (OTP), ranking among the most punctual carriers in the Asia-Pacific region, according to aviation analytics firm Cirium.
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EBITDA & Operating Income: Reported a H1 EBITDA of ₱10.5 billion and operating income of ₱300 million.
For the second quarter, total revenue reached ₱35.2 billion (up 7% YoY). Passenger revenue grew 7% to ₱24.7 billion, while cargo revenue surged by 18% and ancillary revenues rose 4%.
However, financial results for the quarter were impacted by external macroeconomic pressures—most notably a sharp spike in global jet fuel prices, which caused fuel expenses to more than double year-on-year, alongside foreign exchange translation losses.
As a result, CEB reported a Q2 operating loss of ₱2.7 billion and a net loss of ₱5.5 billion. For the first half overall, core pre-tax loss stood at ₱3.4 billion, with total net loss at ₱5.9 billion.
“The second quarter was one of the most challenging operating environments we have faced post-pandemic, driven by an unprecedented spike in fuel prices,” said Michael Szucs, Chief Executive Officer of Cebu Pacific.
“Despite these external pressures, demand for affordable air travel remained resilient, revenue continued to grow, and we further strengthened our market leadership. As industry capacity becomes more rational and market conditions improve, we remain confident in Cebu Pacific’s long-term growth opportunity and our ability to deliver sustainable value for our shareholders.”
