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.
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