Cebu Air Inc (CEBUF) Q1 2026 Earnings Call

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WEBVTT 00:00:01.195 -- 00:00:03.137 Good day, everyone. 00:00:03.137 -- 00:00:08.203 Cebu Pacific began 2026 on a strong note, delivering solid growth in 00:00:08.203 -- 00:00:10.005 the first quarter. 00:00:10.005 -- 00:00:15.331 Total revenue reached 33.3 billion pesos, up 10% year on year, 00:00:15.331 -- 00:00:20.995 supported by the tail end of holiday peak period and early summer travel. 00:00:21.057 -- 00:00:26.684 We carried over 7.5 million passengers, up 8%, supported by a 10% 00:00:26.684 -- 00:00:29.022 increase in seat capacity. 00:00:29.022 -- 00:00:33.045 Seat load factor remained robust at 83.7%, 00:00:33.088 -- 00:00:38.576 with improved passenger yields reflecting a resilient travel demand environment and effective 00:00:38.576 -- 00:00:43.964 commercial execution. Cebu Pacific also continued to outperform the broader Philippine 00:00:43.964 -- 00:00:45.987 aviation industry. 00:00:45.987 -- 00:00:51.275 The airline grew its domestic market share to almost 58% and its international market 00:00:51.275 -- 00:00:54.056 share to 23%, reinforcing 00:00:54.240 -- 00:00:59.585 its position as the country's leading carrier across both segments. 00:01:00.123 -- 00:01:05.610 Set scale and leadership advantages enable us to drive lower unit costs, optimize 00:01:05.610 -- 00:01:10.896 network and capacity deployment, and strengthen bargaining power with suppliers, 00:01:10.896 -- 00:01:15.680 supporting competitive pricing and operational resilience. 00:01:16.143 -- 00:01:22.050 Looking ahead, the operating environment in the second quarter has become more complex. 00:01:22.050 -- 00:01:27.177 Escalating tensions in the Middle East have sharply increased volatility in fuel prices, 00:01:27.177 -- 00:01:32.906 our largest cost component, and created headwinds ...