Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition
Publishing timestamp: 2024-11-11 01:20:38
Summary
Singapore Airlines' shares dropped after reporting a nearly 50% fall in net profit for the April to September period due to lower yields and growing competition. Despite the profit reduction, the airline maintained its dividend and plans to continue expanding despite tough competition in the market.
Sentiment: NEGATIVE
Tickers: SIAL-SG,
Keywords: asia economy, singapore airlines ltd, airlines, travel, business news,