SIA Tumbles for 3 Days! At What Price to Buy the Dip?
Singapore Airlines’s profit slumped in the first quarter as losses from Air India Ltd. and lower interest income weighed on the company’s financial results.
Net income tumbled 59% to S$186 million ($145 million) in the three months ended June 30, the carrier said in a statement Monday. Revenue rose 1.5% to S$4.79 billion, bolstered by record travel volumes and strong cargo demand.
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With SIA free falling, what's your buy-the-dip price?
How do you view the profit decline?