News
Cebu Pacific records sharp drop in first quarter profit
May 12th 2025
Cebu Pacific (CEB) booked a net profit of 466 million peso (US$8.4 million) for the three months to March 31 down 79.2% from a 2.2 billion peso net profit in the same months in 2024. Read More » Revenue rose 20.2% to 30.4 billion peso, Cebu Pacific said in a regulatory filing. Cebu Pacific chief financial officer, Mark Cezar, said the company was optimistic about its financial outlook. “Underlying demand for affordable air travel remains strong and we have made strategic investments to ensure resilient operations,” he said. “Leveraging on these existing assets, CEB remains well positioned for sustainable growth and improving profitability.” Separately, Cebu Pacific chair, Lance Gokongwei, assured shareholders at the airline group’s recent annual general meeting that the LCC is committed to network expansion and fleet investment. “Our work in the last couple of years has placed Cebu Pacific in a position to take advantage of the Philippine growth story. We are confident our airline will reach new highs on the back of the outstanding work of the organisation, other stakeholders and your unwavering support,” Gokongwei said in prepared remarks.
