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Singapore Airlines, Qantas shares jump

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Singapore Airlines crew members and travelers at the transit hall of Changi Airport in Singapore on Jan. 14, 2021.

Roslan Rahman | AFP | Getty Images

SINGAPORE — Singapore Airlines shares jumped Monday after the city-state confirmed it was in talks with Australia to set up an air travel bubble.

Singapore Airlines shares were up 5.47% in afternoon trade, after surging as much as 8.49% earlier in the day. Airline-related shares such as SATS, a subsidiary company that provides in-flight catering, was up 3.43% while SIA Engineering advanced 4.65%.

Australian flag carrier Qantas gained 3.77% at market close.

An air travel bubble would allow residents of Singapore and Australia to travel between…



Source cnbc.com

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