CebPac hits record Q1 revenue

Cebu Pacific (CEB) reported a 20% year-over-year increase in first-quarter revenue, reaching a record P30.4 billion.

Despite moving the Easter holidays from March in 2024 to April this year, CEB carried 7 million passengers in the first quarter, a 26% increase year over year. Passenger revenue increased by 19% to over P21 billion as a result of the growth in passenger traffic, while ancillary revenue increased by 22% to over P7 billion.

With 99 aircraft in service at the end of the first quarter, CEB operated around 3,200 weekly flights to 127 routes and 63 destinations.

A 35% year-over-year increase in cargo income to P1.7 billion was made possible by CEB's expanded network and capacity, which also allowed the airline to transport a total of 51.6 million kg of cargo.

In order to support capacity expansion and operational resilience in the face of global supply constraints, CEB has accepted 15 aircraft deliveries and 13 spare engines over the last 12 months. In the first quarter of 2025, this led to higher fleet and financing expenses.

Despite increasing costs due to the increased fleet and broader operations, CEB managed to retain a good EBITDA of P6.7 billion, which was slightly higher than the previous year and translated into a 22% EBITDA margin. The business generated P466 million in net profits on P1.96 billion in operational income.

"We are still confident in our financial situation. There is still a significant need for reasonably priced air travel, and we have already made calculated investments to guarantee stable operations. By utilizing these current assets, CEB is still in a strong position to grow sustainably and increase profitability," CEB Financial Officer Chief Mark Cezar stated.