Bloomberg.com, 24 Oct 2008, Irene Shen
Oct. 24 (Bloomberg) -- Singapore Airlines Ltd., the world's most valuable airline, dropped the most in 21 years, leading Asian carriers lower on concerns a global recession will cut business and leisure travel demand.
The carrier dropped 10.4 percent to S$10.52 in the city- state today. Cathay Pacific Airways Ltd., Hong Kong's largest carrier, dropped 10 percent, the most in seven years, to HK$8.78. Air China Ltd., the nation's biggest international carrier, fell 17.4 percent to HK$1.81, the lowest since its listing in December, 2004.
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