Cebu Air Management

Management criteria checks 2/4

Cebu Air's CEO is Michael Szucs, appointed in Jan 2023, has a tenure of 1.83 years. directly owns 0.11% of the company’s shares, worth ₱20.65M. The average tenure of the management team and the board of directors is 3.6 years and 3.5 years respectively.

Key information

Michael Szucs

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.8yrs
CEO ownership	0.1%
Management average tenure	3.6yrs
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO

Michael Szucs (58 yo)

1.8yrs

Tenure

Mr. Michael B. Szucs serves as Chief Executive Officer of Cebu Air, Inc. since January 1, 2023. He served as Chief Executive Adviser and Senior Consultant of Cebu Air, Inc. He joined Cebu Air, Inc. in 2016...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	Executive Chairman	1.8yrs	₱450.00k	0.16% ₱ 30.0m
Michael Szucs	Chief Executive Officer	1.8yrs	no data	0.11% ₱ 20.6m
Alexander Lao	President	1.8yrs	no data	0.016% ₱ 3.0m
Mark Julius Cezar	Chief Financial Officer	2.8yrs	no data	0.015% ₱ 2.8m
Javier Luis Ramis De Ayreflor	Chief Operations Officer	1.8yrs	no data	no data
Trina Asuncion	Director of Corporate Finance & Investor Relations	no data	no data	no data
Laureen Cansana	Chief Information Officer	8yrs	no data	no data
Anne Romadine Tieng	General Counsel & Compliance Officer	5.9yrs	no data	0.015% ₱ 2.8m
Candice Jennifer Iyog	Chief Marketing & Customer Experience Officer	16.2yrs	no data	0.0076% ₱ 1.4m
Felix Dan Lopez	Chief Human Resources Officer	5.6yrs	no data	no data
Bach Johann Sebastian	Senior VP of Digital & Strategic Investments Group and Chief Strategist	4.4yrs	no data	no data
Michael Ivan Shau	Chief Corporate Affairs Officer	no data	no data	0.0088% ₱ 1.6m

3.6yrs

Average Tenure

52yo

Average Age

Experienced Management: CEB's management team is considered experienced (3.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Lance Gokongwei	Executive Chairman	1.8yrs	₱450.00k	0.16% ₱ 30.0m
Alexander Lao	President	1.8yrs	no data	0.016% ₱ 3.0m
Jose Fernando Buenaventura	Non Executive Director	28.9yrs	₱600.00k	0% ₱ 0
Richard Tantoco	Independent Director	3.5yrs	₱750.00k	0% ₱ 0
Robina Gokongwei-Pe	Non Executive Director	17.3yrs	₱450.00k	0.0011% ₱ 199.4k
Garry Kingshott	Member of the Advisory Board	no data	no data	no data
Brian Franke	Director	3.3yrs	₱350.00k	0.070% ₱ 13.0m
Bernadine Siy	Independent Director	3.7yrs	₱850.00k	0.010% ₱ 1.9m
Brian Mathew Cu	Independent Director	3.7yrs	₱900.00k	0.000020% ₱ 3.7k
David Gulliver Go	Director	less than a year	no data	0.0024% ₱ 447.3k

3.5yrs

Average Tenure

59yo

Average Age

Experienced Board: CEB's board of directors are considered experienced (3.5 years average tenure).

Cebu Air Management

Management criteria checks 2/4

Key information

Recent management updates

Director recently bought ₱12m worth of stock

Cebu Air, Inc. Approves Management Changes

Cebu Air, Inc., Annual General Meeting, May 09, 2024

Cebu Air, Inc. Announces Executive Changes

Executive Chairman recently bought ₱21m worth of stock

Executive Chairman recently bought ₱13m worth of stock

Recent updates

Third quarter 2024 earnings released: ₱0.18 loss per share (vs ₱1.77 profit in 3Q 2023)

Price target decreased by 7.7% to ₱54.45

Director recently bought ₱12m worth of stock

Second quarter 2024 earnings released: EPS: ₱1.72 (vs ₱7.10 in 2Q 2023)

Cebu Air, Inc. Approves Management Changes

First quarter 2024 earnings released: EPS: ₱3.31 (vs ₱0.92 in 1Q 2023)

Now 20% undervalued after recent price drop

Full year 2023 earnings released: EPS: ₱11.64 (vs ₱23.89 loss in FY 2022)

Cebu Air, Inc., Annual General Meeting, May 09, 2024

Cebu Air, Inc. Announces Executive Changes

Third quarter 2023 earnings released: EPS: ₱1.52 (vs ₱4.47 loss in 3Q 2022)

Second quarter 2023 earnings released: EPS: ₱3.58 (vs ₱3.40 loss in 2Q 2022)

First quarter 2023 earnings released: EPS: ₱1.46 (vs ₱11.96 loss in 1Q 2022)

Executive Chairman recently bought ₱21m worth of stock

Executive Chairman recently bought ₱13m worth of stock

Executive Chairman recently bought ₱4.2m worth of stock

Full year 2022 earnings released: ₱23.89 loss per share (vs ₱42.13 loss in FY 2021)

Cebu Air, Inc. Announces Executive Changes Effective Jan. 01, 2023

Cebu Air, Inc. Announces Executive Changes, Effective from 01 January 2023

Less than half of directors are independent

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target decreased to ₱51.00

Less than half of directors are independent

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Price target decreased to ₱51.00

Third quarter 2021 earnings released: ₱13.92 loss per share (vs ₱9.24 loss in 3Q 2020)

Second quarter 2021 earnings released: ₱11.17 loss per share (vs ₱13.26 loss in 2Q 2020)

Director Lisa Gokongwei-Cheng has left the company

First quarter 2021 earnings released: ₱12.17 loss per share (vs ₱1.99 loss in 1Q 2020)

Insider recently bought ₱416k worth of stock

Full year 2020 earnings released: ₱37.04 loss per share (vs ₱15.22 profit in FY 2019)

New 90-day low: ₱45.50

Cebu Air, Inc. Announces Election of Bernadine Siy and Brian Matthew Cu as Independent Directors

Insider recently bought ₱960k worth of stock

Analysts update estimates

Price target raised to ₱48.33

New 90-day high: ₱51.30

Third quarter 2020 earnings released: ₱9.24 loss per share

Revenue and earnings miss expectations

New 90-day high: ₱44.75

SIA Engineering Company Limited (SGX:S59) entered into an agreement to acquire remaining 35% stake in Sia Engineering (Philippines) Corporation from Cebu Air, Inc. (PSE:CEB) for $7.7 million.

New 90-day high: ₱41.70

Analysts update estimates

Analysts lower revenue estimates to ₱26.0b

Price target lowered to ₱58.44

First half earnings released

CEO

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Leadership Team

Average Tenure

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Board Members

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Average Age