Singapore Air slumps

Singapore Airlines Ltd said its January-March profit plunged 92 percent. The carrier's net profit for its fiscal fourth quarter was 41.9 million Singapore dollars ($28.7 million), down from S$528 million a year earlier, it said yesterday.

Singapore Airlines flew 3.9 million passengers last quarter, 18 percent fewer than a year earlier.

"Advance bookings indicate that the drop in demand for air travel is leveling out," the company said. "However, the probability of a sustained recovery has been set back by uncertainties arising from the Influenza A epidemic."