Singapore Air stock at lowest this century after record loss

The shares fell as much as 5.1% to S$3.35, the lowest intraday price since September 1998, before paring to close S$3.42, down 11 Singapore cents from a day earlier. The stock, which has declined by almost half this year, was among the worst performers Thursday on a Bloomberg gauge of carriers in the Asia-Pacific region.

SINGAPORE: Singapore Airlines Ltd’s shares fell to their lowest price in more than 21 years after the carrier posted its biggest quarterly loss ever as the coronavirus wiped out travel demand.

The shares fell as much as 5.1% to S$3.35, the lowest intraday price since September 1998, before paring to close S$3.42, down 11 Singapore cents from a day earlier.