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Investors like Singapore Airlines' profit report, Indian airline fare rises - share wrap

Singapore Airlines Chairman, Stephen Lee
Singapore Airlines Chairman, Stephen Lee

Indian carriers Jet Airways, Kingfisher Airlines and SpiceJet were up 1-4% yesterday after they increased their fares to boost revenues and margins. The joy could be short-lived however, as Jet Airways and JetLite have once again lowered their 30-day Advance Purchase fares.

Singapore Airlines shares rose 4.2% yesterday as investors digested the airline's better-than-expected financial results.

Asia Pacific selected airlines daily share price movements (% change): 11-Feb-09

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