Alkaline polymer electrolyte fuel cells are a class of fuel cells that enable the use of non-precious metal catalysts, particularly for the oxygen reduction reaction at the cathode. While there have been alternative materials exhibiting Pt-comparable activity in alkaline solutions, to the best of our knowledge none have outperformed Pt in fuel-cell tests. Here we report a Mn-Co spinel cathode that can deliver greater power, at high current densities, than a Pt cathode. The power density of the cell employing the Mn-Co cathode reaches 1.1 W cm-2 at 2.5 A cm-2 at 60 oC. Moreover, this catalyst outperforms Pt at low humidity. In-depth characterization reveals that the remarkable performance originates from synergistic effects where the Mn sites bind O2 and the Co sites activate H2O, so as to facilitate the proton-coupled electron transfer processes. Such an electrocatalytic synergy is pivotal to the high-rate oxygen reduction, particularly under water depletion/low humidity conditions.