Singapore Air Jumps to 6-Month High as Profit Tops Estimates
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Singapore Airlines Ltd. climbed to a six-month high after reporting quarterly profit that beat analyst estimates, as lower fuel prices helped Southeast Asia’s largest carrier attract more passengers with cheaper fares.
The stock rose 3.9 percent to S$11.24, the highest close since July 29. The shares gained 0.4 percent this year, compared with 9 percent decline for the city’s benchmark Straits Times Index.