- In late August, 1988, Cebu Air was established in Pasay City, Metro Manila, the Philippines, but it only started operations almost 8 years later, in early March, 1996.
- In February 1998, Cebu Pacific Air was grounded by the government, but continued its services next month, after the re-certification of its aircraft.
- In late November, 2001, Cebu Pacific Air started operating international flights with a twice-daily service to Hong-Kong.
- On the 1st of March, 2002, Cebu Pacific Air introduced thrice-weekly flights to Seoul.
- In the following years, Cebu Pacific Air continued to introduce new routes and increase flight frequency for some of the existing ones.
- In late May, 2008, Cebu Pacific was named as the world's number one airline in terms of growth, ranking fifth in Asia for Budget Airline passengers transported and 23rd in the world.
- On July 22, 2008, Cebu Pacific became the first airline to use the new Terminal 3 of the Ninoy Aquino International Airport and the first airline to operate international commercial flights from the new terminal.
- In August, 2009, Cebu Pacific opened its Twitter account, being the first airline in the Philippines to use social media.
- The only fatal accident in the history of Cebu Pacific took place on the 2nd day of February, 1998, when Cebu Pacific Flight 387, a DC-9-32 travelling from Manila to Cagayan de Oro, crashed on the slopes of Mount Sumagaya due to a pilot error, killing all 104 people on board.
October 18, 2006 - Cebu Pacific (CEB), the country’s low fare leader, is now the No. 1 domestic airline in terms of flying the most passengers, operating the most number of flight frequencies & routes and flying to the most domestic destinations.
CEB flies to 20 domestic destinations and operates a total of 624 one-way flights per week. The airline also operates a total of 24 routes in its domestic network. As of the latest market share report for the period covering October