CEBU Pacific on Wednesday reported a net loss of P399.811 million in the first quarter (Q1) of 2026, a big decline from P465.9 million a year earlier driven by P1.8-billion foreign exchange losses due to tensions in the Middle East.
Despite the decrease, the airline recorded revenues of P33.3 billion, higher than P30.422 billion in the same period of 2025, on the back of better performance of its business segments.
“Our first-quarter performance reflects the strength of our network and disciplined capacity deployment,” Cebu Pacific CEO Mike Szucs said.
“As we navigate a more volatile operating environment amid higher fuel prices, we are taking a more cautious and measured approach focused on margin protection, prudent capacity deployment and liquidity preservation,” he added.
Cebu Pacific said that it flew 7.5 million passengers in the first quarter, up 8 percent year on year, while maintaining a healthy seat load factor of 83.7 percent, reflecting effective capacity deployment and stable travel demand.
Meanwhile, passenger revenues grew to P22.524 billion from P21.164 billion while cargo revenues increased to P1.823 billion from P1.693 billion due to a 13.4-percent increase in cargo volume carried.
Ancillary revenues also climbed to P8.9 billion from P7.5 billion because of higher passenger volume.
Cebu Pacific said it ended the quarter with 101 aircraft in its fleet and strong liquidity position, with over P23 billion in cash, providing ample flexibility to manage near-term volatility while supporting strategic initiatives.
On Wednesday, Cebu Pacific parent Cebu Air Inc.’s share price fell by 80 centavos to close at P29.90 apiece.
