You are here

Global airline shares fall in July as investors take profit

Worldwide figures show they fell 3.2% in July, while the Asia-Pacific share price index dipped by less than 1%

BT_20170816_NRIATA16_3037080.jpg
Shares in Singapore Airlines closed at S$10.60 on Tuesday, up six cents. Iata highlighted that "the squeeze on profit margins from weak yields and higher costs peaked in the first quarter".

Singapore

Amid profit-taking, global airline share prices slid 3.2 per cent in July in the first monthly fall since March, although the Asia-Pacific share price index did better with a more modest decline.

Shares in North American carriers dropped by as much as 7.6 per cent, while

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom