Singapore Air Jumps on Profit Beat, Upbeat Tone as Risks Loom

Singapore Airlines Ltd. shares jumped the most in five weeks Friday, after the carrier delivered annual earnings that beat expectations and struck an upbeat tone on travel demand despite risks from the Iran war.

The flag carrier signaled confidence by raising fares to offset higher jet fuel costs, saying passengers have so far been willing to pay more. The management also stressed that, unlike rivals cutting capacity, it plans to add more flights.