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SIA shares drop following earnings miss and analysts' downgrades

Felicia Tan
Felicia Tan • 10 min read
SIA shares drop following earnings miss and analysts' downgrades
For the three months to December 2023, SIA reported revenue of 8.5% q-o-q and 4.9% y-o-y to $5.082 million. Photo by Emily Rusch via Unsplash
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Singapore Airlines' (SIA) (SGX:C6L) shares dropped after it reported 3QFY2024 earnings that grew but missed expectations, amid pricing and cost pressures.

Shares in SIA closed 70 cents lower or 9.5% down at $6.67 on Feb 21, recovering slightly from the intra-day low of $6.65.

For the three months to December 2023, the airline reported revenue of 8.5% q-o-q and 4.9% y-o-y to $5.082 million.

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