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Singapore Airlines says bookings still firm

Wed May 14, 2008 4:24am EDT

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SINGAPORE, May 14 (Reuters) - Singapore Airlines (SIAL.SI) (SIA), the world's second-biggest airline by market value, said on Wednesday that its forward bookings were still firm amid economic uncertainty.

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"We have seen some softening for discretionary travel out of the U.S. but not for the corporate sector as yet," Singapore Airlines Chief Executive Chew Choon Seng told a briefing.

SIA, 55-percent owned by state investment firm Temasek [TEM.UL], posted on Tuesday a smaller-than-expected 21 percent fall in quarterly profit and warned of slower demand due to the ongoing global market turmoil amid record fuel costs. [ID:nSIN214030]

(Reporting by Daryl Loo & Jan Dahinten)

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