Cebu Pacific (PSE: CEB) reported a record ₱30.4 billion in revenue for the first quarter of 2025, marking a 20% increase year-on-year, driven by robust growth in passenger and cargo operations.

The airline carried 7 million passengers during the quarter—a 26% jump compared to the same period last year, despite the Easter holidays shifting from March in 2024 to April this year. This surge in travel demand pushed passenger revenues up by 19% to over ₱21 billion, while ancillary revenues rose 22% to more than ₱7 billion.

As of the end of March, Cebu Pacific operated a fleet of 99 aircraft across 63 destinations and 127 routes, maintaining over 3,200 weekly flights. Its network and capacity expansion also benefited its cargo business, which saw a 35% increase in revenue to ₱1.7 billion, with 51.6 million kilograms of cargo transported during the period.

To support its growth and operational resilience amid global supply chain challenges, Cebu Pacific accepted 15 new aircraft and 13 spare engines over the past year. While these additions contributed to higher fleet and financing costs, the airline sustained a healthy EBITDA of ₱6.7 billion—slightly up from the previous year—translating to a 22% EBITDA margin. Operating income stood at ₱1.96 billion, with net income at ₱466 million.

“We remain optimistic on our financial outlook. Underlying demand for affordable air travel remains strong, and we’ve made earlier strategic investments to ensure resilient operations,” said Cebu Pacific Chief Financial Officer Mark Cezar. “Leveraging these assets, CEB is well positioned for sustainable growth and improving profitability.”