SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2022

2. SEC Identification Number

154675

3. BIR Tax Identification No.

00094822900000

4. Exact name of issuer as specified in its charter

Cebu Air, Inc.

5. Province, country or other jurisdiction of incorporation or organization

Cebu City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Level 4, Unit 4030-4031, Robinsons Galleria Cebu, General Maxilom Avenue cor. Sergio Osmena Boulevard, Cebu City, Cebu Postal Code 6000

8. Issuer's telephone number, including area code

(632) 8802-7000

9. Former name or former address, and former fiscal year, if changed since last report

Not applicable

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stock	614,924,811
Convertible Preferred Stock	315,433,257

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exchange

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Cebu Air, Inc.CEB

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2022
Currency (indicate units, if applicable)	Php

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2022	Dec 31, 2021
Current Assets	25,132,483,087	26,326,925,128
Total Assets	137,472,355,636	138,253,761,325
Current Liabilities	40,804,149,614	35,406,169,941
Total Liabilities	134,291,231,306	127,644,016,112
Retained Earnings/(Deficit)	-17,822,155,467	-10,209,357,681
Stockholders' Equity	3,181,124,330	10,609,745,213
Stockholders' Equity - Parent	2,003,466,719	10,130,576,451
Book Value per Share	-15.44	-3.21

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	6,708,818,324	2,709,076,177	6,708,818,324	2,709,076,177
Gross Expense	12,047,822,793	9,530,462,040	12,047,822,793	9,530,462,040
Non-Operating Income	21,846,750	234,842,984	21,846,750	234,842,984
Non-Operating Expense	3,322,323,492	562,346,252	3,322,323,492	562,346,252
Income/(Loss) Before Tax	-8,639,481,211	-7,148,889,131	-8,639,481,211	-7,148,889,131
Income Tax Expense	-1,026,683,425	149,446,796	-1,026,683,425	149,446,796
Net Income/(Loss) After Tax	-7,612,797,786	-7,298,335,927	-7,612,797,786	-7,298,335,927
Net Income Attributable to Parent Equity Holder	-7,612,797,786	-7,298,335,927	-7,612,797,786	-7,298,335,927
Earnings/(Loss) Per Share (Basic)	-12.7	-12.17	-12.7	-12.17
Earnings/(Loss) Per Share (Diluted)	-12.7	-12.17	-12.7	-12.17

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	-42.58	-47.24
Earnings/(Loss) Per Share (Diluted)	-42.58	-47.24

Other Relevant Information
Not applicable