Shares & Derivatives
SIA’s Share Price Rises as Its Website Crashes from Overwhelming Demand
By The Smart Investor  •  October 11, 2021
Singapore’s Vaccinated Travel Lanes (VTLs) have been extended to 11 countries, and the travel floodgates have opened. After being cooped up at home for almost two years, it’s not surprising that Singaporeans are itching to travel. VTLs are attractive as it offers a quarantine-free travel experience without the hassle of serving a stay-home notice. The VTL program was started on 8 September with two countries: Germany and Brunei. On Saturday, the VTL scheme was expanded to nine more countries including places such as South Korea, Canada, France and Denmark. The news has led to a frenzy of travellers looking to book flights. Shortly after the announcement, Singapore Airlines Limited’s (SGX: C6L), or SIA’s, website crashed from the flood of traffic, albeit briefly. In turn, SIA’s share price jumped as much as 9% at one point this morning. Is the reopening of Singapore’s travel lanes the turning point the airline has been waiting for?...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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