Recent selling pressure on Tiger Airways (J7X.SG) not letting up, with current broad market pullback pushing shares further down even as investors remain wary of budget carrier’s increasingly frequent flight cancellations, says Dow Jones.

Stock off 1.0% at $1.99, down 8.3% from September high of $2.17 set 2 weeks ago. Support tipped at 100-day moving average, last at $1.91. Company attributes latest cancellations, over last weekend, to grounding of 2 planes following technical problems.

“Based on our analysis, however, two faulty aircraft cannot explain all of Tiger’s flight cancellations over the past 41 days. We believe that both aircraft issues and pilot shortage are responsible, making this problem a difficult one to fix,” says RBS, which has Sell call with $1.58 target.