Cebu Air net income up 128% in 2025

Cebu Air Inc., which operates budget carrier Cebu Pacific, more than doubled its net income in 2025, as passenger revenues climbed with the company’s improved seat economics network as it expanded its fleet with larger aircraft.

In a regulatory filing, Cebu Air said its fourth-quarter net income increased by 40% to P2.8 billion, as total revenues increased 6% to P32.3 billion. It carried 6.9 million passengers during the quarter, translating to an 82% average seat load factor.

This brought the company’s full-year net income to P12.3 billion, 128% or more than double the previous year, with revenues up 14% to P119.9 billion.

Passenger revenues for the year grew 13% to P80.8 billion, as the carrier recorded a 10% increase in passengers to 26.9 million, equivalent to an 84.0% seat load factor. Cargo revenues grew 27% to P7.2 billion.

“The larger, more fuel efficient A330NEOs and A321NEOs helped deliver improved seat economics network wide. Together with our focus on efficiency, this helped mitigate the increased expenses in maintenance , airports, and fleet related costs due to grounded aircraft,” Cebu Air Inc. chief financial officer Mark Cezar said.

“Overall, the 2025 results underscore the strength of Cebu Pacific’s operating fundamentals and financial resilience,” he added.

Cebu Pacific became the Philippines’ first carrier with a 100-strong fleet in July 2025, with seven aircraft expected to be delivered this year while retiring seven older aircraft. It ended 2025 with P264.7-billion worth of assets, and P245.7-billion worth of liabilities bringing its total equity to P19.0 billion. 
— BM, GMA Integrated News