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SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

Aviation & Engineering

SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

Jeffrey Tan Published on Fri, Dec 18, 2020 / 7:00 AM GMT+8

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The first half of 2020 was a difficult time for aviation stocks listed on the Singapore Exchange (SGX). Shares of Singapore Airlines (SIA), SIA Engineering and SATS had crashed to multi-year lows as the Covid-19 pandemic brought air travel to a near standstill.

But as the year draws to a close, all three stocks have clawed back from the bottom. SIA Engineering has climbed more than 20% from its November low of $1.61, though it is still down 28.2% year-to-date as of Dec 14. Similarly, SATS has jumped more than 30% from its November low of $3.07, though it is also down 17.4% year-to-date as of Dec 14.

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SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

Aviation & Engineering

SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

Primary tabs

Error message

SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

Aviation & Engineering

SIA, SIA Engineering, SATS up on vaccine boost, but full recovery still far ahead

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