Singapore Airlines shares fall 6% as profit nearly halves amid intensifying competition

An Airbus A350-941 from Singapore Airlines is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024.As markets opened on Monday, the stock fell 6.2%, before later recovering to trade lower at 3.72%.Shares of Singapore Airlines dropped after the city-state's flag carrier reported a fall of almost 50% in net profit for the April to September period, citing lower yields and growing competition.Net profit in the first half of the fiscal year came in at $742 million ...