Singapore Airlines Stocks Dip after a Tragic Accident Leads to 1 Casualty and Numerous Injuries

The share price of Singapore Airlines dipped 1% in early trading session on Thursday following a tragic incident involving a turbulent flight.

The unsettling episode occurred on Singapore Airlines SQ321 flying over Myanmar on Tuesday, May 22, where sudden and severe turbulence led to the unfortunate death of one passenger due to a suspected heart attack, and left numerous others injured. The airline made an emergency landing at Thailand’s Suvarnabhumi Airport.

The Singaporean markets had been closed for a holiday on Wednesday, and upon resumption of trade on Thursday, the initial turnover in the stock demonstrated modest activity. Eventually, the stock registered a 1.3% decrease, trading at S$6.67 after having briefly dipped by 1.8% to S$6.64.