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Cebu Pacific posted a 20% hike in revenue to P30.4 billion in the first quarter of 2025 from the same period last year
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Cargo revenues jumped 35% year-on-year to P1.7 billion, with the airline transporting 51.6 million kilograms of cargo
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The low-cost carrier carried seven million passengers in the first quarter, up 26% and resulting in a 19% rise in passenger revenue to over P21 billion, and a 22% increase in ancillary revenue to over P7 billion
Cebu Pacific posted a 20% hike in revenue to P30.4 billion in the first quarter of 2025 from the same quarter last year.
The growth comes as the low-cost carrier ‘s expanded network and capacity enabled growth in its cargo segment, with cargo revenues rising 35% year-on-year to P1.7 billion, as the airline transported 51.6 million kilograms of cargo.
Cebu Pacific carried seven million passengers in the first quarter, up 26% year-on-year despite the shift in Easter holidays to April this year from March in 2024.
This increase in passenger traffic resulted in a 19% rise in passenger revenue to over P21 billion, and a 22% increase in ancillary revenue to over P7 billion, Cebu Pacific said in a statement.
By the end of the first quarter, Cebu Pacific had a fleet of 99 aircraft, serving 63 destinations and 127 routes, with over 3,200 weekly flights.
Cebu Pacific accepted 15 aircraft deliveries and 13 spare engines over the past 12 months to support capacity growth and operational resilience amid global supply challenges. This resulted in additional fleet and financing costs in the first quarter of 2025.
While the increased fleet and broader operations led to higher costs, the airline said it maintained healthy earnings before interest, taxes, depreciation, and amortization (EBITDA) of P6.7 billion, slightly higher than the previous year, translating to an EBITDA margin of 22%.
Operating income was P1.96 billion, resulting in a net income of P466 million.
In a separate statement, Cebu Pacific chief executive officer Michael Szucs expressed confidence in the airline’s continued growth in 2025, noting how early months of 2025 show that the market is already absorbing the additional capacity, and how this will also strengthen the company’s overall financial position.
He also expressed his optimism in the long-term growth potential of Philippine aviation, driven by the country’s economic, geographic and demographic advantages. Underpinning this view is Cebu Pacific’s historic order for up to 152 aircraft signed in 2024, showing its commitment to supporting the Philippines’ continued growth and development, and securing its leadership position well into the next decade.
