High fuel prices, peso slump ground CebuPac to P12.8-B loss

MANILA, Philippines — Budget carrier Cebu Pacific sank deeper into the red in the first nine months of 2026, posting a P12.8-billion net loss after a double whammy of soaring jet fuel costs and a weakening peso. This marked a reversal from the P9.46-billion profit that the Gokongwei-led carrier booked in the same period in 2025.