Massive fuel hedging losses and falling revenue resulted in a 43% drop in fiscal third-quarter profit at Singapore Airlines Group, to S$337.2 million ($225.5 million) from the S$590 million earned in the three months ended Dec. 31, 2007. Revenue fell 2.6% year-over-year to $4.16 billion while a S$125 million drop in fuel costs was offset by a S$341 million hedging loss. "Other cost items were well contained," the company said, as total expenditure climbed 5.7% to S$3.81 billion. Costs were ...

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