Cebu Pacific has turned more cautious about hitting its target of carrying 30 million passengers this year, as soaring fuel prices linked to the Middle East crisis threaten to dampen travel demand and inflate operating costs.

In an interview with reporters on Monday, Cebu Pacific CEO Mike Szucs said the airline would have to reassess its growth outlook after initially projecting passenger volume to rise from a record 26.9 million in 2025 to about 30 million in 2026.

“Well, I think we have to review [that],” Szucs said on the sidelines of the inauguration of Cebu Pacific’s flagship training facility in Parañaque. “We need to wait and see how that comes through.”