Analyst Roy Chen of UOB Kay Hian maintained a Sell rating on SIA – Singapore Airlines (SINGF – Research Report), reducing the price

Singapore Airlines shares were sharply lower after reporting a slump in profits due to increased competition and higher fuel costs. Shares fell as much as 6.2% early Monday before paring its losses. They were last 4.

Singapore Airlines saw net profit in the July-to-September quarter plunging 59% year-on-year to SGD290 million (US$) amid intense competition and surging costs.