Times Online, 7 Nov 2008, David Robertson
Singapore Airlines announced a 36 per cent fall in profits yesterday and British Airways is expected to reveal a reduction of up to 90 per cent today as the economic downturn hits passenger numbers.
Singapore Airlines, the world's most valuable carrier, said that its profits in the three months to September 30 had fallen to S$324 million (£137 million).
The airline, which owns 49 per cent of Virgin Atlantic, also gave warning that advance passenger bookings for the new year were weak.
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