Singapore Air Slumps as Cost Pressures Cloud Robust Ticket Sales
- Net income for three months up 5% on year to S$659 million
- Geopolitical and macroeconomic concerns may pose headwinds
Singapore Airlines Ltd. aircraft at Changi Airport in Singapore.
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore Airlines Ltd. slumped as much as 9.4% Wednesday after warning competitive pressures and rising costs could hurt its outlook.
Passenger yields — an indicator of revenue — are continuing to come under pressure from increased competition, while geopolitical and economic uncertainties have the ability to weigh on business sentiment and demand for air travel, the airline operator warned.