Cebu Air, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported revenue was PHP 20,877.44 million compared to PHP 6,708.82 million a year ago. Net income was PHP 1,077.57 million compared to net loss of PHP 7,612.8 million a year ago.

Basic earnings per share from continuing operations was PHP 1.46 compared to basic loss per share from continuing operations of PHP 12.7 a year ago. Diluted earnings per share from continuing operations was PHP 0.97 compared to diluted loss per share from continuing operations of PHP 12.7 a year ago.