Cebu Pacific posts 8.4% traffic growth in volatile Q1

MANILA, Philippines — Gokongwei-led budget carrier Cebu Pacific braved turbulent skies in the first quarter, lifting passenger traffic by 8.4 percent while continuing to flag risks from soaring jet fuel prices linked to the still-unresolved conflict in the Middle East. In a disclosure on Wednesday, Cebu Air Inc. told the local bourse its first-quarter traffic rose