More cargo for Singapore ground handler
In the first quarter of 2014, Singapore ground handler SATS saw 4.9 percent more airfreight year over year.
Revenue increased by 0.2 percent to US$435.2 million, and the number of flights grew by 2.5 percent.
SATS said it is growing new businesses and customer segments.
“Our operating landscape remains challenging in view of rising manpower costs and the ongoing pressure on regional aviation. At Changi Airport, we expect moderate growth in passenger traffic and airfreight,” SATS said in a media release. “We will continue to invest in our state-of-the-art facilities, comprehensive suite of services and new technologies to obtain scale advantages, improve productivity and enhance connectivity for our customers.”
SATS is present at 44 airports across Asia and the Middle East, and handles about 80 percent of scheduled flights at Changi Airport.