Sats narrows Q3 loss as cargo volumes increase
Singapore
SATS could be seeing the light at the end of the tunnel for its cargo business, as its freight associates returned to profitability in the third quarter to December and cargo revenue grew quarter-on-quarter.
Further, it is expanding the provision of security services beyond aviation to continue growing its non-travel revenue, in a bid to mitigate the imminent loss of government relief that has helped to cushion the evaporation of its aviation business.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia: Stocks mixed after Wall Street, Europe retreat from records
Mapletree closes second Japan logistics development fund; expects 110 billion yen AUM
Dolce & Gabbana metaverse fashion offering leaves shopper fuming
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
CEO of fallen Eagle Hospitality Trust seeks to contest four disclosure-related criminal charges
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub