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Cebu Pacific swings to net loss in Q1
May 18th 2026
Cebu Pacific reported a net loss of 419.9 million peso (US$7 million) for the three months to March 31 2026, compared with net profit of 465.9 million peso in the same three months in 2025. Read More » Revenue rose 9.5% to 33.3 billion peso, Cebu Pacific said in a regulatory filing. The company said the bottom line was impacted by the depreciation of the peso, which led to "non-core foreign exchange losses" of 1.8 billion peso for the quarter. Operating income was up 54.2% at 3 billion peso. "Our first‑quarter performance reflects the strength of our network and disciplined capacity deployment," Cebu Pacific CEO, Mike Szucs, said. "As we navigate a more volatile operating environment amid higher fuel prices, we are taking a more cautious and measured approach focused on margin protection, prudent capacity deployment, and liquidity preservation. Our scale, fleet efficiency, and strong domestic network position us well to navigate near-term uncertainty while continuing to build long‑term value."
