Cebu Pacific Returns to Profitability, Posts P1.1 Billion Net Profit in Q1
Cebu Air Inc (CEB: PSE) reported a first-quarter net profit of P1.1 billion, bouncing from a P7.6 billion net loss in the same period last year, driven by its strong passenger and ancillary revenues. This is CEB’s first profitable quarter since the pandemic, as it generated total revenues of P20.9 billion, 211% higher than the…