Cebu Pacific profit soared 128% to P12.3B in 2025

Low-cost carrier Cebu Pacific more than doubled its net income in 2025 to P12.3 billion, as double-digit growth in passenger and cargo revenues, along with improved seat economics from its newer aircraft, lifted the airline’s full-year performance.

In a disclosure on Monday, Cebu Air Inc., the operator of the Gokongwei-led carrier, said total revenues rose 14 percent to a record P119.9 billion, while operating income increased 25 percent to P11.5 billion.

Passenger revenue, which remained the airline’s main growth driver, grew 13 percent to P80.8 billion as Cebu Pacific flew a record 26.9 million passengers during the year, up 10 percent from 2024. Ancillary revenues rose 14 percent to P32 billion.

Cargo revenues, meanwhile, posted the fastest growth among its major business segments, jumping 27 percent to P7.2 billion on the back of higher cargo volumes and additional wide-body capacity.

“Cebu Pacific’s 2025 financial results demonstrate the returns of strategic investments in capacity growth, fleet modernization and operational integrity,” said Cebu Pacific chief financial officer Mark Cezar.

“The larger, more fuel-efficient A330NEOs and A321NEOs helped deliver improved seat economics network-wide,” Cezar added, as Cebu Pacific reported a “healthy” 84-percent seat load factor, a measure of available seats filled by paying passengers.

Cash flow, as measured by earnings before interest, taxes, depreciation and amortization, climbed 21 percent to P30.9 billion. Meanwhile, pretax core income jumped 54 percent to P4.8 billion.

Bigger market share

For the fourth quarter alone, Cebu Pacific posted a net income of P2.8 billion, up 40 percent from a year earlier, as revenues increased 6 percent to P32.3 billion during the holiday-heavy travel period.

Beyond the balance sheet, Cebu Pacific said it expanded its domestic market share to 56.2 percent in 2025 from 54.1 percent a year earlier, while its international market share improved to 22 percent from 20.6 percent.

The airline also ended the year operating the country’s largest network, serving 63 destinations—37 domestic and 26 international—through 125 routes and more than 3,200 weekly flights.

Looking ahead, Cebu Pacific said it expects to receive seven aircraft in 2026 while retiring seven older planes, allowing it to keep its fleet size at 100 while increasing the share of new-generation aircraft in its portfolio.

“This shift meaningfully enhances the airline’s fuel efficiency, reduces unit costs and supports sustainable growth,” the airline said.