Reuters, 14 May 2009, Harry Suhartono
SINGAPORE, May 14 (Reuters) - Singapore Airlines (SIAL.SI), the world's largest airline by market value, posted on Thursday a 92 percent slump in its fourth quarter net profit, dragged down by hedging losses and slowing demand.
Singapore Air, which ranks ahead of Air China (601111.SS), said January-March net profit dropped to S$41.9 million ($28.6 million) from S$527.5 million a year ago, missing a forecast of S$176 million according to analysts polled by Reuters Estimates.
Read More
Related News:
Singapore Air Posts First Operating Loss in Six Years on Slump - Bloomberg.com
Singapore Airlines hit by 92% fall in profits - Financial Times
