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Stock of Singapore Airlines fall over 8% after first quarter profit plunges
CNBCยท 2025-07-29 02:21
Core Viewpoint - Singapore Airlines reported a significant decline in earnings, leading to a notable drop in its stock price, indicating potential challenges in its financial performance for the first quarter of the 2025/2026 financial year [1][2]. Financial Performance - The net profit for Singapore Airlines fell to 186 million Singapore dollars (approximately 144 million USD) for the quarter ended June 30, marking a 59% decline compared to the previous year [2]. - The operating profit also decreased by 13.8% year over year, amounting to S$405 million [2]. Stock Market Reaction - Following the earnings report, shares of Singapore Airlines fell more than 8%, experiencing the largest intra-day decline since August 2024, with current trading down 7.11% [1].