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Cebu Air swings to P5.49-billion net loss in Q2
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BusinessWorld Online
Consolidated net loss stood at P5.47 billion, compared with net income of P8.51 billion in the second quarter of 2025.
Cargo revenue increased to P2.15 billion from P1.82 billion, while ancillary revenue climbed to P8.38 billion from P8.02 billion.
For the first half, Cebu Air posted an attributable net loss of P5.91 billion, reversing attributable net income of P8.97 billion in the same period last year.
Consolidated net loss totaled P5.87 billion, compared with net income of P8.97 billion a year earlier.
Revenue rose 8.3% to P68.56 billion from P63.33 billion, while operating expenses increased 23.2% to P68.28 billion from P55.42 billion.