The strong performance was boosted by a P4.76 billion one-time gain in June from four aircraft engines provided for free by a supplier to address global aircraft-on-ground (AOG) disruptions.
Management’s view
“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,” Cebu Pacific CEO Michael Szucs said in a statement.
“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.
Operational surge
Excluding the one-off, core growth remained solid, with second quarter net income reaching P8.5 billion, as the airline flew 7 million passengers—up 16 percent year-on-year.
Revenues rose across the board: passenger sales climbed 29 percent to P23.1 billion, ancillary income reached P8 billion, and cargo revenues increased 32 percent to P1.8 billion.
Cebu Pacific also paid P809 million in income taxes for the first half, partly driven by the reversal of deferred tax assets due to improved profitability.
In the first half, the airline operated 3,300 weekly flights across 124 routes with 99 aircraft, fueled by a 22 percent rise in Available Seat Kilometers and a shift to more fuel-efficient NEO planes.
—Edited by Miguel R. Camus
