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Singapore Airlines books big fuel hedging loss, downbeat on outlook

2015-05-14 16:37:14| Airlines - Topix.net

May 14 Singapore Airlines Ltd on Thursday reported a full-year fuel hedging loss of S$549 million as a result of falling oil prices and also highlighted fierce competition and soft demand on its key routes. Singapore's flag carrier reported a 58 percent rise in operating profit to S$409.4 million in the year ending March, supported by lower fuel costs.

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