Manila: Sustained passenger demand and increased seat capacity led to Cebu Pacific's (CEB) PHP33.3 billion total revenue in the first quarter of 2026, up 10 percent year-on-year. Sustained demand was seen in both the domestic and international markets, making the Gokongwei-led airline increase its seat capacity by 10 percent.

According to Philippines News Agency, CEB registered 7.5 million passengers in the first quarter this year, up 8 percent on an annual basis, and maintained a seat load factor of 83.7 percent. CEB's chief executive officer Mike Szucs stated that the first quarter performance reflects the strength of the airline's network and disciplined capacity deployment.

CEB's passenger revenue increased by 6 percent to PHP22.5 billion, while ancillary revenue rose 19 percent to PHP9 billion. This growth was driven by continued improvements in ancillary yields. The airline reported that cost discipline and improved operating efficiencies partially offset higher operating costs associated with fleet and capacity expansion.

The airline ended the first quarter with 101 aircraft and a strong liquidity position, closing the quarter with over PHP23 billion in cash. This provides CEB with ample flexibility to manage near-term volatility while supporting strategic initiatives. Szucs emphasized the airline's cautious and measured approach amid a more volatile operating environment, focusing on margin protection, prudent capacity deployment, and liquidity preservation.