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Singapore Air cuts fuel hedging, sees business recovery

Wed Nov 11, 2009 5:12am EST

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SINGAPORE, Nov 11 (Reuters) - Singapore Airlines (SIAL.SI), the world's biggest airline by market value, said it reduced its fuel hedging to 22 percent by the end of October from over 30 percent, as it sees oil prices staying at around current levels.

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Singapore Airlines CEO Chew Choon Seng told a media and analysts briefing that the company sees a recovery in business class bookings as some banks have started to relax their business travel policies. (Reporting by Harry Suhartono, editing by Neil Chatterjee)

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