Sats narrows H1 loss to S$7.8 million following aviation recovery, consolidation of Worldwide Flight Services

IN-FLIGHT caterer and ground handler Sats on Friday (Nov 10) posted a net loss of S$7.8 million for its first half of FY2024 ended September, narrowing from its net loss of S$32.5 million in the corresponding year-ago period.

For the second quarter of the financial year, the mainboard-listed group delivered S$22.2 million in net profit – its first earnings without government relief since the pandemic struck in early 2020. 

It had recorded a net loss of S$29.9 million for Q1.