Cebu Pacific posts P96.2-B revenue, 63% domestic share
CEB’s total revenues over the first nine months of 2026 reached P96.2-B. It also strengthened its position in the local aviation market, expanding its domestic market share to 63 percent in Q3 from 55 percent a year earlier, based on Civil Aeronautics Board data.
Cebu Pacific recorded P96.2 billion in revenues in the first nine months of 2026, up 10 percent year-on-year, as passenger demand and growth in ancillary and cargo businesses supported its operations, despite mounting fuel and foreign exchange pressures.
The airline carried nearly 21 million passengers during the period, a 4 percent increase from the same period last year. Its domestic passenger traffic grew 5 percent to 15.7 million, while international traffic remained broadly stable at 5.1 million.
Strengthened position in local aviation market
Cebu Pacific also strengthened its position in the local aviation market, expanding its domestic market share to 63 percent in the third quarter from 55 percent a year earlier, based on Civil Aeronautics Board data.
Passenger revenues climbed 9 percent to P65.3 billion, while ancillary and cargo revenues increased 10 percent and 13 percent, respectively.
Earnings before interest, taxes, depreciation and amortization reached P12.4 billion.
However, the airline recorded an operating loss of P3 billion for the nine-month period. Including financing costs, its core pre-tax loss reached P8.6 billion, while foreign exchange translation losses contributed to a net loss of P12.8 billion.
Continued cost pressures
The third-quarter results reflected continued cost pressures. Revenue increased 14 percent year-on-year to P27.7 billion, but fuel expenses surged 65 percent, contributing to an operating loss of P3.3 billion and a net loss of P6.9 billion.
“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 CEO Michael Szucs said.
Return to passenger growth
Despite the pressures, Szucs said the airline was encouraged by the return to passenger growth, adding that forward bookings for the holiday season and first quarter of 2027 remained healthy.
He also cited improving yields as a source of confidence in the revenue outlook for the coming quarters.