IN-FLIGHT caterer and ground handler Sats : S58 0% on Monday (May 29) reported earnings of S$6 million for the six months ended March 2023, down 16.7 per cent year on year as expenditures exceeded revenue and inflation started to bite.

This comes despite a 57.1 per cent increase in revenue to S$953.8 million in the second half of FY2023 from S$607.3 million in H2 FY2022 – partly on the back of a recovery in aviation, said the group in a bourse filing.