Hit by fines, Singapore Airlines posts drop in net profit

Monsters and Critics, 28 Jan 2011Singapore - Singapore Airlines (SIA) on Friday posted a drop in its quarterly net profit as provisions for fines imposed by regulators in Europe and South Korea as well as a settlement with US authorities over cargo price-fixing charges spoiled its results.Including provisions of 199 million Singapore dollars (155.5 million US dollars), net profit for the three