Where the money is: Airport services
Owning an airport services operator rather than an airline would appear to make most sense right now.
Heavyweights Emirates and Singapore Airlines have just announced vastly reduced profits, while Cathay Pacific has warned that its annual results won’t look that compelling given the impact of high fuel costs.
Yet ground services operator Dnata, part of the Emirates Group, last week announced its highest ever profit in 52 years of operation.
And in Singapore, SATS Ltd said gateway services revenue improved 9.4% to S$602.7 million in 2011-12, led by increased flights and passengers handled.
Despite rising costs, the SATS Group earned an operating profit of S$48.3 million, 10% higher than a year ago.
Ian Jarrett
Have your say Cancel reply
Subscribe/Login to Travel Mole Newsletter
Travel Mole Newsletter is a subscriber only travel trade news publication. If you are receiving this message, simply enter your email address to sign in or register if you are not. In order to display the B2B travel content that meets your business needs, we need to know who are and what are your business needs. ITR is free to our subscribers.
































TAP Air Portugal to operate 29 flights due to strike on December 11
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Strike action set to cause travel chaos at Brussels airports
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent