Singapore Air Shares Slump After Wider Operating Loss
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Singapore Airlines Ltd., Southeast Asia’s biggest carrier, fell the most in more than 1 1/2 years in Singapore trading after lower passenger and cargo fares pushed the company into a wider fourth-quarter operating loss.
Singapore Air slumped 4.5 percent, the most since Nov. 1, 2011, to S$10.93 at close of trading in the city. The stock has risen 1.7 percent this year compared with an 8.9 percent gain in the benchmark Straits Times Index.