EarningsQ1 2026 Earnings Report
CEBUF Q1 2026 EPS Results
Actual EPS-$0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS<$0.01
CEBUF Q1 2026 Revenue Results
Actual Revenue$564.62M
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+7.59%
Earnings Announcement Details
QuarterQ1 2026
Date05/13/2026
TimeBefore Open
Conference CallWednesday, May 13, 2026
CEBUF Upcoming Earnings
Cebu Air's next earnings date is estimated for November 18, 2026, based on past reporting schedules.
Q1 2026 Earnings Call Audio
CEBUF Q1 2026 Earnings Call
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Q1 2026 Earnings Slide Deck
Q1 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced: the call reported solid operational and near-term financial strength (revenue +10% YoY, passengers +8%, EBITDA +26%, healthy liquidity and fleet modernization) and reinforced market leadership and structural advantages (high domestic exposure, neo fleet, strong cash balance). However, significant macro headwinds—sharp fuel price spikes from the Middle East conflict, peso depreciation causing PHP 1.8 billion ForEx losses, an expected loss-making Q2 and Q3, and elevated leverage metrics—create material near-term risks. Management is taking measured pricing, network, cost and hedging actions to protect margins, but the outlook remains uncertain until fuel and currency volatility abates.Company Guidance
Revenue Growth
Total revenue of PHP 33.3 billion in Q1 2026, up 10% year-on-year.
Passenger Volume and Capacity
Carried 7.5 million passengers (+8% YoY) on a 10% increase in seat capacity; system seat load factor remained strong at 83.7%.
Passenger and Ancillary Revenue Improvements
Passenger revenue rose to PHP 22.5 billion (+6% YoY). Ancillary revenue increased to PHP 9.0 billion (+19% YoY) with an ~11% improvement in ancillary yields that offset a 2% decline in average fares.
Cargo Growth
Cargo uplifted 58.3 million kilos (an increase of 6.7 million kilos, ~+13% YoY) and cargo revenue grew 8% YoY to PHP 1.8 billion, despite a 5% decline in cargo yields.
Profitability Expansion (Operating Metrics)
EBITDA increased 26% YoY to PHP 8.4 billion, expanding EBITDA margin to 25%; operating income (EBIT) rose 54% YoY to PHP 3.0 billion with an EBIT margin of 9%.
Core Pretax Profit Improvement
Pretax core income improved to PHP 1.3 billion, an almost 300% increase year-on-year.
Fleet Modernization and Scale Advantages
Total fleet of 101 aircraft; ~73%–75% of jet fleet are neo aircraft as of March 2026, delivering up to ~20% lower fuel burn and ~14% more seats per flight year-on-year across A330/A320/A321 family; seven aircraft deliveries expected in 2026 (one A320neo delivered in Q1).
Market Leadership
Domestic market share strengthened to ~57.5%–58% and international share improved to 23%, reinforcing leadership across segments.
Unit Cost Discipline and Efficiency
Cost-per-ASK ex-fuel rose marginally 2% to PHP 2.23 while total cost-per-ASK remained flat despite fleet and capacity expansion; management highlighted ongoing cost containment initiatives.
Strong Cash Generation and Liquidity
Generated PHP 11.0 billion cash inflows for the quarter; operating cash inflow PHP 7.8 billion; investing outflows PHP 5.9 billion; financing outflow PHP 0.77 billion; net cash inflow PHP 1.4 billion; ending cash balance > PHP 23 billion. Committed local bank lines ~PHP 15 billion and financing for aircraft deliveries committed.
Operational and Customer Experience Gains
On-time performance improved to 79% (from 74% YoY and 69% prior quarter); Net Promoter Score rose to +45 (from +31 YoY), a post-pandemic high.
Hedging and Risk Management Actions
Selective hedging in place: 50,000 barrels hedged for Q3 at roughly $120/barrel; coverage for >12% of Q3 fuel needs and hedged ~11% of USD disbursements over the next 3 months to narrow price/currency volatility exposure.
Long-term Investments in Talent and Capability
Launched Cebu Pacific Training Academy; revived Cadet Pilot Program; partnerships and expanded pilot training (A330 simulator) to strengthen talent pipeline and operational resilience.
CEBUF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed