Sats shows path to diversification for travel-related companies

SATS may still be best known as an inflight caterer and ground-handler, but it is well on its way to developing a brand new image as its efforts to expand its non-travel-related businesses bear fruit. The segment is now nearly neck and neck with the travel-related segment in terms of contributions to Sats's revenue pie.

The mainboard-listed company had last week released some business updates for Q1 FY2022.

Revenue from non-travel-related business was up 22.6 per cent at S$127.6 million, the company said, making up 46.3 per cent of its top line for the first quarter ended June.