Singapore Airlines outlook warning casts a shadow over air show

A warning from home carrier Singapore Airlines that ticket prices were coming under pressure as costs are also rising sent its shares down nearly 10% on Wednesday, casting a shadow over the Singapore Airshow.
The Asian airline’s biggest one-day share price plunge since the global travel industry ground to a halt in March 2020 because of COVID-19 came after its December quarter earnings missed market expectations on Tuesday.
It underscored broader aviation industry concerns about supply chain constraints and a more cautious outlook in Asia as China’s international travel recovers from the pandemic at a slower pace than in much of the rest of the world.
As Airbus, Boeing, and COMAC of China looked to seal aircraft purchase deals at Asia’s biggest aviation gathering, Singapore Airlines said on Tuesday that high fuel prices, inflationary pressures and supply chain constraints were presenting challenges to airlines globally.