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Cebu Pacific Air reported a net loss of P12.8 billion for the first nine months of the year, a reversal from the P9.470 billion net income earned in the same period last year, as it continued to face elevated fuel prices and foreign exchange translation losses
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Revenue generated for the first nine months of the year amounted to P96.2 billion, up 10% from the same period last year, driven by sustained passenger demand and growth across its ancillary and cargo businesses
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Cebu Pacific’s domestic passenger market share expanded to 63% in the third quarter of this year, from 55% in the same period last year
Cebu Pacific Air reported a net loss of P12.8 billion for the first nine months of the year, a reversal from the P9.470 billion net income earned in the same period last year, as it continued to face elevated fuel prices and foreign exchange translation losses.
Revenue generated for the first nine months of the year amounted to P96.2 billion, up 10% from the same period last year, driven by sustained passenger demand and growth across its ancillary and cargo businesses.
Passenger revenue increased 9% to P65.3 billion, while ancillary and cargo revenues grew 10% and 13%, respectively.
The airline carried nearly 21 million passengers during the period, a 4% increase year-on-year. Domestic traffic grew 5% to 15.7 million passengers, while international traffic remained broadly stable at 5.1 million.
Cebu said it also further strengthened its domestic market leadership during the period. Based on Civil Aeronautics Board data, Cebu Pacific’s domestic market share expanded to 63% in the third quarter, from 55% in the same period last year.
The airline said this reflects the strength of its extensive domestic network and its ability to capture market demand through strategic capacity deployment.
Cebu Pacific posted an earning before interests, taxes, depreciation, and amortization of P12.4 billion for the first nine months, and an operating loss of P3 billion, as elevated global fuel prices continued to weigh on operating performance.
Including financing costs, its core pre-tax loss reached P8.6 billion. Foreign exchange translation losses further contributed to a net loss of P12.8 billion for the period.
Q3 performance
For the third quarter alone, Cebu Pacific recorded total revenue of P27.7 billion, a 14% increase year-on-year, remaining resilient despite the traditionally lean travel season and calibrated fare adjustments across its network.
Passenger revenue grew 17% to P18.1 billion in the third quarter, while ancillary and cargo revenues increased 8% and 12%, respectively.
The airline carried 6.3 million passengers during the quarter, sustaining a 4% growth year-on-year.
READ: Domestic demand lifts Cebu Pacific Sept passenger traffic by 4.4%
The airline, however, continued to face significant cost pressures. Fuel expenses remained elevated, rising 65% year-on-year, while foreign exchange losses further affected its bottom line. As a result, CEB reported an operating loss of P3.3 billion and a net loss of P6.9 billion for the third quarter.
“The third quarter remained a challenging period, as elevated fuel prices, a weaker peso and broader macroeconomic pressures continued to affect our operations,” Cebu Pacific chief executive officer Michael Szucs said.
“Nevertheless, we are encouraged by the early results of the actions we have taken, including the return to passenger growth. Looking ahead, forward bookings for the holiday season and into Q1 2027 are healthy, and the ongoing improvement in yields gives us greater confidence in the revenue outlook for the fourth quarter and beyond,” Szucs added.
As of September 30, 2026, Cebu Pacific operates a route network serving 75 domestic routes and 36 international routes with a total of 2,190 scheduled weekly flights.
READ: Cebu Pacific incurs P5.9B net loss in H1 due to weak peso, high fuel cost
