Worldwide airline shares up 3% in August


AIRLINES' share prices worldwide edged up 3 per cent month- on-month in August, slightly stronger than the 2 per cent growth in the broader market, as easing jet fuel prices offered some relief.

According to the latest Airlines Financial Monitor by the International Air Transport Association (Iata), airline stocks across all regions saw an improvement during the month, although US carriers led the pack with a 5 per cent increase.

In the stock market on Friday, Singapore Airlines (SIA) closed...

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