UPDATE 1-Singapore Air sees high-end uptick, eyes FY profit

* Sees increased demand from business travellers

* Aims for full-year profit despite loss in Q1, Q2

* Will redeploy capacity in profitable routes

* Focusing on yields instead of market share

* Cuts jet-fuel hedging to 22 pct from at least 30 pct

(Adds further details)

By Harry Suhartono

SINGAPORE, Nov 11 (Reuters) - Singapore Airlines (SIA) (SIAL.SI), the world's biggest airline by market value, has not given up hope of making a profit this financial year as it sees a recovery in premium-class bookings, its CEO said on Wednesday.

The airline, which said three months ago that it might post its first full-year loss if business conditions did not improve, said it has seen some recovery in business class bookings as banks relax restriction on business travels.