Singapore Airlines tumbles 2.1% after Air India plane crash
SIA holds a 25.1% following a merger of its full-service airline Vistara into the Indian national carrier
[SINGAPORE] Shares of Singapore Airlines (SIA) dived on Friday (Jun 13) morning after an Air India plane bound for London crashed on Thursday.
SIA holds a 25.1 per cent stake in the Indian flag carrier.
At around 9 am when the market opened, SIA shares hit a month-to-date low of S$6.88, down 2.1 per cent or S$0.15 from Thursday’s closing price of S$7.03, with around 723,200 shares transacted. The last time SIA shares traded at levels lower than this was on May 16, 2025, ShareInvestor data indicated.
By 9.17 am, the counter rose to S$6.92, still down 1.6 per cent or S$0.11, with 1.8 million shares changing hands.
On Thursday, an Air India Boeing 787-8 Dreamliner headed for London’s Gatwick airport crashed into a medical college hostel in the city of Ahmedabad, Gujarat, killing more than 240 people.
SIA holds a 25.1 per cent stake in the Indian airline following the November 2024 merger of its Indian full-service airline Vistara – a joint venture with Mumbai-headquartered Tata Sons – into India’s national carrier.
India’s national newspaper The Hindu reported that Air India shored up its revenue to a record level of 610 billion rupees (S$9.1 billion) in the fiscal year 2025 and clocked a profit excluding, exceptional items, in the second half.
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