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Cebu Pacific reported a net loss of P5.91 billion in the first half of the year due to a weak peso and high fuel prices
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Gross revenue for the first six months increased by 8% to P68.6 billion driven by strong passenger and cargo volumes
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For the second quarter, net loss stood at P5.5 billion while total revenue was P35.2 billion, up 7% year- on-year, as demand for both passenger and cargo remained resilient
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Cebu Pacific CEO Michael Szucs said the second quarter “was one of the most challenging operating environments we have faced post-pandemic”
Cebu Pacific reported a net loss of P5.91 billion in the first half of the year due to a weak peso and high fuel prices, although gross revenue for the period increased by 8% driven by strong passenger and cargo volume.
The low-cost carrier posted an earnings before interest, taxes, depreciation, and amortization (EBITDA) of P10.5 billion and operating income of ₱300 million. The net loss for the first six months reflects financing costs and the impact of foreign exchange translation losses.
The Philippine peso has been trading at historic lows this year, averaging at around P60 to the US dollar from P56-P58 in 2025.
READ: Cebu Pacific income more than doubles to P12.3 billion in 2025
In terms of revenue, the Gokongwei-owned airline generated P68.6 billion, up from P63.3 billion year on year.
Passenger revenue grew to P47.2 billion, a 7% increase, while ancillary and cargo revenue increased 11% and 13%, respectively.
The airline carried nearly 14.5 million passengers during the first half, up 4% year-on-year, reflecting continued demand across its domestic and international networks, which grew 5% and 2%, respectively.
Cebu Pacific said based on internal estimates, its domestic market share expanded to 60% in the second quarter from 55% a year ago.
Operational performance also improved, with on-time performance rising to 84.2%, placing Cebu Pacific among the most punctual carriers in the Asia-Pacific region, according to aviation analytics firm Cirium.
Q2 performance
For the second quarter, Cebu Pacific reported total revenue of P35.2 billion, an increase of 7% year- on-year, as demand remained resilient amid calibrated fare adjustments across the network. Passenger revenue grew 7% to P24.7 billion, while ancillary and cargo revenue increased 4% and 18%, respectively.
However, with fuel prices driving fuel expense to more than double year-on-year, coupled with foreign exchange losses, the carrier saw an operating loss of P2.7 billion, and a net loss of P5.5 billion.
READ: Cebu Pacific Q1 revenue up but weak peso, fuel cost start to bite
“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 Cebu Pacific CEO Michael Szucs.
“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,” he added.
READ: Cebu Pacific receives 1st of 4 new A320neo expected in 2026
