Cebu Pacific trims net loss to P14-B as sales soar 261 pct

ABS-CBN News

<p>MANILA - Cebu Pacific said on Tuesday its net loss narrowed to P14 billion in 2022 from P24.9 billion the previous year as travel demand increased. </p><p>Revenues in 2022 grew 261 percent to P56.8 billion due to higher travel demand for both domestic and international markets, Cebu Pacific said in a disclosure to the stock exchange.</p><p>&quot;CEB is ready to move forward with optimism and confidence as we transition from recovery to growth mode. We remain committed to enabling everyone to fly and look forward to welcoming even more passengers onboard in the coming months.&quot; said Mike Szucs, CEO of Cebu Pacific.</p><p>EBITDA hit P664 million in 2022, it added.</p><p>Cebu Pacific said its operating loss was also reduced to P11.4 billion compared to the previous year.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/03/08/23/cebu-pacific-says-to-operate-flights-from-iloilo-in-june">Cebu Pacific says to operate flights from Iloilo in June</a></li>	<li><a href="https://news.abs-cbn.com/business/01/25/23/cebu-pacific-eyes-full-pre-pandemic-capacity-by-march">Cebu Pacific says full pre-pandemic capacity to be restored by March</a></li>	<li><a href="https://news.abs-cbn.com/business/03/24/23/cebu-pacific-offers-p88-seat-sale-for-flights-to-from-manila">Cebu Pacific offers P88 seat sale for flights to, from Manila</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2447319" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

Cebu Pacific said on Tuesday its net loss narrowed to P14 billion in 2022 from P24.9 billion the previous year as travel demand increased. 

Cebu Pacific trims net loss to P14-B as sales soar 261 pct | ABS-CBN

Entertainment

News

Metro.Style

Sports

More

Business

Cebu Pacific trims net loss to P14-B as sales soar 261 pct

Cebu Pacific trims net loss to P14-B as sales soar 261 pct

ABS-CBN News

Published Mar 28, 2023 03:00 PM PHT

Read More:

Cebu Pacific

Cebu Pacific net loss

Cebu Pacific revenues

flight

aviation

travel

travel demand

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Advertise with Us

Privacy Policy

Terms of Service

© 2025 ABS-CBN Corporation. All Rights Reserved.