Singapore Airlines up, Cathay Pacific lower, Jet Airways and Kingfisher tumble

Singapore Airlines' shares went against the global tide, rising 0.3% yesterday, as CEO, Chew Choon Seng, confirmed the carrier is "still interested in the consolidation of the industry". Investors see this as a sign of relative strength. Mr Chew is unlikely to be tempted back to China in the near term, however. Shares in China Eastern Airlines and Shanghai Airlines are suspended, as merger talks progress. The loss-making airlines together control around 47% of the Shanghai air market.