Cebu Pacific climbed to fifth among Asia-Pacific airlines for on-time performance in April, a rare bright spot for an industry still grappling with delays, aircraft shortages and operational disruptions.
Cebu Pacific operator Cebu Air Inc. (CEB) has put all dividend payments on hold despite record earnings last year, opting to preserve cash as soaring fuel prices tied to the Middle East conflict pressure airline profitability.
Cebu Pacific, the country’s biggest airline by fleet size and passenger volume, said it is confident in its ability to navigate emerging fuel supply risks as pressure builds across the aviation sector.
Cebu Pacific is urgently scaling back operations as the Middle East crisis sends fuel prices surging, forcing the airline to cancel routes and reduce flight frequencies across key international destinations.
The Gokongwei family-led Cebu Air Inc., operator of Cebu Pacific, said full-year revenue rose 14 percent to P119.9 billion while net income more than doubled to P12.3 billion.
Cebu Pacific is leaning into nostalgia—and price leadership—as it celebrates three decades in the skies with a headline-grabbing seat sale pegged to 1996, the year it launched operations.
Cebu Air Inc., operator of low-cost carrier Cebu Pacific, reported a 7.9-percent increase in passenger traffic in February as the airline continued expanding capacity to meet resilient travel demand.
Since launching operations in 1996, the airline has championed the low-cost carrier model in the Philippines, dramatically lowering fares and opening air travel to a broader segment of the population. What was once considered a luxury became accessible to students, overseas Filipino workers, entrepreneurs, and families traveling across the archipelago.