The Business Times
business-time-50
BIG MONEY

Will airline stocks manage turbulence?

google-preferred-sourceAdd BT as a preferred source
Joan Ng

Joan Ng

Published Mon, Sep 9, 2024 · 07:00 AM
    • It is hard to forget the record-breaking profits SIA reported as pandemic chains were lifted and revenge travel became a buzzword, but investors must look forward rather than back, writes BT senior correspondent Joan Ng.
    • It is hard to forget the record-breaking profits SIA reported as pandemic chains were lifted and revenge travel became a buzzword, but investors must look forward rather than back, writes BT senior correspondent Joan Ng. BT SCREENSHOT

    In this issue:

    • Cathay Pacific reports engine trouble
    • Singapore Savings Bond yield falls to 2.77 per cent

    Greetings dear reader,

    The European aviation safety regulator has issued an emergency directive for airlines to inspect 86 A350-1000 planes powered by XWB-97 engines, responding to an engine fire that forced a Cathay Pacific flight to return to Hong Kong last Monday (Sep 2).

    Big Money Newsletter

    TRENDING NOW

    Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

    Qatari LNG ship struck in Strait of Hormuz, testing US talks

    This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

    DBS shares rise 1.9% to hit all-time intraday high as sentiment improves

    Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

    ‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

    Singapore ranks as the world’s most expensive city for cars and placed third globally for residential property.

    Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More