Cebu Pacific Air reported a consolidated net income of PHP8.97 billion for the first half of 2025, a 153% increase from PHP3.55 billion in the same period last year, as stronger travel demand, capacity expansion, and cost controls boosted profitability.
The airline carried 14 million passengers during the six-month period, up 21% year-on-year, as the carrier ramped up frequencies and benefited from seasonal peaks. Passenger revenue rose 24% to PHP44.23 billion, while total revenue grew 23% to PHP63.33 billion, supported by a 33% increase in cargo revenue and a 19% increase in ancillary revenue.
Operating income reached PHP7.92 billion, 44% higher than the previous year, despite a 21% increase in total operating expenses to PHP55.42 billion. The airline attributed the higher costs to increased flight activity and a weaker peso, averaging PHP57.11/USD, which in turn affected fuel, maintenance, and lease-related expenses.
Cebu Pacific operated more than 3,300 weekly flights across 124 domestic and international routes during the period. The airline’s Available Seat Kilometers (ASK) rose 22%, while the seat load factor held steady at 85.4%.
Key profitability metrics improved, with EBITDA rising to PHP17.39 billion from PHP13.30 billion, and EBITDA margin up to 27.5% from 25.9% a year earlier. Cost per ASK declined to PHP3.07 from PHP3.11, which reflects improved cost discipline despite increased maintenance accruals and airport charges.
A material contributor to other income was the recognition of PHP4.76 billion in fair value from four free-of-charge engines received in June to mitigate ongoing Aircraft-on-Ground (AOG) issues. Interest income rose 45%, while finance costs increased 26% due to additional aircraft and engine deliveries.
The airline’s consolidated assets grew to PHP243.5 billion as of June 30, 2025, up 2% from year-end 2024, while total equity increased 86% to PHP18.6 billion. Cebu Pacific reported a return on equity of 62.6% and a return on assets of 3.7%.
These results for the second quarter and first half of 2025 reflect the returns from our strategic investments in fleet and network expansion along with the sustained demand for air travel.
Michael Szucs, cebu Pacific Chief Executive Officer
“With the Philippines’ growing economy, favorable demographics and expanding tourism sector, we remain well positioned to drive long term growth in low-cost travel,” he added.
As of June 2025, the airline had a fleet of 99 aircraft, primarily comprising A320 family jets and ATR 72 turboprops.
Cebu Pacific is listed on the Philippine Stock Exchange under the ticker CEB.
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