Cebu Pacific said Wednesday its net income soared 153 percent in the first half of 2025, driven by strong passenger growth, better operational efficiency and disciplined cost management.
The airline unit of the Gokongwei Group said it posted a net income of P8.97 billion from January to June, higher than P3.54 billion it logged in the same period last year.
The group’s revenues amounted to P63.33 billion in the six-month the period, or 23.1 percent higher than P51.43 billion it earned in the same period last year.
Passenger revenues grew by 24 percent to P44.232 billion from P35.68 billion due to the overall increase in travel demand.
Cargo revenues went up 33.3 percent to P3.51 billion from P2.63 billion from a year ago, led by a 42.9-percent increase in cargo volume.
“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,” said Cebu Pacific chief executive Michael Szucs.
“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 said.
The airline said it flew 7 million passengers in the second quarter, up 16 percent from last year, as both domestic and international markets posted double-digit growth.
Domestic traffic rose 14 percent to over 5.1 million, while international traffic jumped 23 percent to 1.8 million, supported by the April Easter holiday and a strong peak travel season.
The surge in demand pushed seat load factor to 85.9 percent and boosted revenues across the business.
The group said it incurred operating expenses of P55.420 billion, up by 20.6 percent from P45.95 billion in the same period last year.
Cebu Pacific said the increase was driven by the more flight operations, as a material portion of its expenses is based on flights and flight hours.
The weakening of the Philippine peso against the US dollar from an average of 56.91 to 57.11 in 2025, based on the Philippine Bloomberg Valuation (PH BVAL) weighted average rates, also contributed to the increase in operating expenses.
Flying operations expenses rose 7.5 percent to P20.588 billion from P19.152 billion reported in the same period last year.
This was largely due to higher fuel consumption and pilot headcount, in line with the increased flight operations, coupled with the weakening of the peso against the greenback.
