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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%

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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

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