Singapore Airlines Q3 profit falls

SINGAPORE (Reuters) – Singapore Airlines Ltd. on Thursday reported a 27 percent fall in third-quarter net profit but beat expectations as revenue growth helped offset higher fuel costs. The airline is in the second year of a three-year transformation plan designed to cut costs and boost revenue to better compete against Chinese, Middle Eastern and low-cost rivals. It said forward bookings were tracking in line with its capacity growth but warned uncertainties surrounding US-China trade tariffs and Brexit were clouding the overall demand outlook for passengers and cargo.