Cebu Pacific shares bounce back from ‘trading error’

MANILA — Cebu Pacific, the Philippines’ largest airline, said Thursday its share price had recovered from an error that caused it to crash two days prior.

The Gokongwei-led carrier said its share price fell to P58 due to a “trading error” before the market closed on Tuesday. It recovered to P87 Wednesday morning.

Cebu Pacific did not elaborate on the error in its disclosure to the stock exchange.

Shares of Cebu Pacific were up 6.55 percent to P92.70 in early trading Thursday.

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