July 31 (Reuters) - Singapore Airlines Ltd SIAL.SI :
* QTRLY PROFIT ATTRIBUTABLE S$ 111.1 MILLION VERSUS S$ 139.6 MILLION
* QTRLY REVENUE S$4,102 MLN VS S$3,844 MLN
* GROUNDING OF 737 MAX 8 FLEET HAS DISRUPTED GROUP'S OPERATIONS AND RATE OF EXPANSION
* AIR FREIGHT DEMAND HAS SOFTENED AMID ONGOING TRADE DISPUTES AND UNCERTAIN GLOBAL ECONOMIC CONDITIONS
* FUEL PRICE VOLATILITY IS EXPECTED TO PERSIST IN NEAR TERM
* STRONG HEDGE POSITION WILL HELP TO MITIGATE ANY SPIKE IN FUEL PRICES
* GROUP WILL CONTINUE TO ENTER INTO LONGER-DATED HEDGES EXTENDING TO FY2024/25
* IN Q2 OF FINANCIAL YEAR, GROUP HAS HEDGED 79% OF ITS FUEL REQUIREMENTS IN MOPS AT A WEIGHTED AVERAGE PRICE OF USD75
* REMAINDER OF FY, GROUP HEDGED 70% OF FUEL REQUIREMENTS IN MOPS & 5% IN BRENT AT WEIGHTED AVERAGE PRICES OF $76 & $52 RESPECTIVELY
* CERTAIN HEADWINDS ALSO CLOUD OUTLOOK FOR PASSENGER DEMAND OVER LONGER TERM
* REDUCTION IN QTRLY NET PROFIT ATTRIBUTABLE DUE TO A HIGHER SHARE OF LOSSES FROM ASSOCIATED COMPANIES
* DURING THE QTR, AN IMPROVEMENT IN VISTARA'S PERFORMANCE WAS OFFSET BY HIGHER ESTIMATED LOSSES FROM VIRGIN AUSTRALIA