Downtrend: A Singapore Airlines Airbus A350-900 aircraft prepares to take off from Manchester Airport in Britain. Shares of the airline fell as much as 2 yesterday. — Reuters
SINGAPORE: Investors are turning bearish on Singapore Airlines Ltd (SIA) after profit plunged 81% in the biggest decline in seven years.
Shares of the Singapore flag carrier fell as much as 2% yesterday, and traded at S$9.36 (RM28.43) as of 1:09 pm in the city-state. That’s in contrast with other Asian airlines led by Korean Air Lines Co, which advanced after crude futures dropped the most in three years Tuesday on a darker demand outlook.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
