CEB hits record P30.4B revenue in Q1

CEBU, Philippines — Cebu Pacific (CEB) reported a record-breaking P30.4 billion in first-quarter revenue, a 20 percent increase year-on-year, as the low-cost carrier capitalized on strong travel demand and expanded capacity.

Passenger volumes surged 26 percent to 7 million despite the Easter holiday shift to April, bolstering passenger revenue to over P21 billion, up 19 percent from the previous year.

Ancillary revenue, including baggage fees and seat selections, also climbed 22 percent to more than P7 billion.

The airline’s cargo segment posted a robust 35 percent year-on-year increase in revenue, reaching P1.7 billion as it transported 51.6 million kilograms of cargo.

The growth was supported by Cebu Pacific’s expanded network and increased frequency, with over 3,200 weekly flights across 127 routes and 63 destinations by the end of March.

Fleet strength rose to 99 aircraft, following the delivery of 15 new planes and 13 spare engines over the past 12 months. While the fleet expansion contributed to elevated operating and financing costs, it also reinforced operational resilience amid global supply chain disruptions.

Cebu Pacific reported EBITDA of P6.7 billion, slightly higher than the previous year, yielding a 22 percent EBITDA margin. Operating income stood at P1.96 billion, while net income came in at P466 million for the quarter.

“We remain optimistic on our financial outlook,” said Mark Cezar, Cebu Pacific’s Chief Financial Officer.

“The underlying demand for affordable air travel continues to be strong. Our early strategic investments have positioned us well for sustainable growth and improving profitability,” he added.

Cebu Pacific’s performance reflects broader momentum in the regional aviation sector, as budget carriers increasingly benefit from post-pandemic travel recovery and shifting consumer preferences toward cost-effective options. — (FREEMAN)