SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 20, 2025

2. SEC Identification Number

154675

3. BIR Tax Identification No.

948-229-000

4. Exact name of issuer as specified in its charter

CEBU AIR, INC.

5. Province, country or other jurisdiction of incorporation

Cebu City, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

Basement 2 – R 01 – 02, Robinsons Galleria Cebu, General Maxilom corner S. Osmena Boulevard, Barangay Tejero, Cebu City Postal Code 6000

8. Issuer's telephone number, including area code

0288027084

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

N/A

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	624,479,833
Convertible Preferred	309,471,601

11. Indicate the item numbers reported herein

10

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 9-1 - Share Buy-Back Transactions References: Section 9 of the Revised Disclosure Rules

Subject of the Disclosure
Cebu Air, Inc. ("CEB") Share Buyback Transactions
Background/Description of the Disclosure
CEB's share buyback on 20 January 2025

Type of Securities

• Common
• PreferredN/A
• OthersN/A

Details of Share Buy-Back Transaction(s)

Date of Transaction	Number of Shares Purchased	Price Per Share
Jan 20, 2025	64,400	27.90
Jan 20, 2025	4,100	28.25
Jan 20, 2025	500	28.30
Jan 20, 2025	1,000	28.40
	70,000

Effects on Number of Shares

	Before	After
Outstanding Shares	624,479,833	624,409,833
Treasury Shares	13,222,650	13,292,650

Cumulative Number of Shares Purchased to Date 1	372,800
Total Amount Appropriated for the Buy-Back Program	Php 2,000,000,000
Total Amount of Shares Repurchased	Php 10,576,900.00

Other Relevant Information
The Company has secured a new allotment of Php2,000,000,000.00 under the recently approved buyback program as approved by the board last November 13, 2024. Consequently, shares acquired under the previous buyback program is excluded from this calculation. As a result of buyback made on 20 January 2025, the remaining balance of the amount for the buyback as of this date is Php 1,989,423,100.

¹ From the date when the share buy-back program commenced.