CEBU PACIFIC POSTS ₱5.9-B NET LOSS AMID RISING EXPENSES

Cebu Pacific posted a net loss of ₱5.87 billion in the first half of the year, reversing its ₱8.97-billion profit in the same period last year.

The airline’s revenues rose 8 percent to ₱68.56 billion, but operating expenses jumped 23 percent due mainly to higher jet fuel prices and the weaker peso.

Foreign exchange losses also surged to ₱2.46 billion, adding pressure on the carrier’s dollar-denominated debt.

Despite the losses, Cebu Pacific carried 14.5 million passengers, up 4.3 percent, while passenger, ancillary, and cargo revenues all increased.

The airline said it remains confident in its long-term growth prospects after expanding its fleet to 102 aircraft.

Source: PhilNews24 | August 7, 2026