Airlines worldwide report a splash of business when tourists go journey Again. Last year, carriers received a total net profit of $ 32.4 billion, which is 18% compared to the year, and the number of passengers reached a new maximum of 4.8 billion.
In Southeast Asia, airline such as Vietjet, Thai Airways and Garuda Indonesia, last year placed double-digit revenue growth. But the most impressive performance came not from the carrier, but from the company that keeps his feet on the ground.
Singapore Sat, which provides a lot of services, including food training, air load management and passenger services, three times in 2024, raising the company to No. 93, a jump in 134 places this year South -East Asia 500. Now the Sats 2024 income is $ 3.8 billion. Sats was the biggest climber this year, including a stranger.
Most of the SATS revenue growth comes upon completion of world flights (WFS), world -wide air cargo logistics. Sats bought a company for 1.3 billion euros (1.5 billion dollars in the current courses) in an agreement announced at the beginning of 2023.
The acquisition of WFS Sats now makes the Asia Centric Company much more international player. WFS is the world’s largest processing firm and is the main player both in Europe and in America.
Combined Sats-WFS has a combined achievement of more than 215 seats worldwide, which covers the trade routes responsible for more than half the global volume of air cargo.
The story of Sats comes out in the early days of commercial aviation in Singapore, starting from a ground unit for the Malay airlines. The airline later divided into Singapore Airlines (SIA) and Malaysian airlines. Sia then created its main business as a separate business in 1972.
Now Sats-Black-Georgian, the Flight and Flight Services provider for Singapore’s largest Civil International Airport, Changa Airport. Since then, Sats has expanded its mark throughout Asia, forming joint ventures in markets such as mainland China, Taiwan, Hong Kong, Philippines and Indonesia.
In the last financial report As a quarter, ending March 2025, Sats reported that 13% of the revenue jump reached $ 5.8 billion in Singapore ($ 4.53 billion in current courses), which is due to the growth of business and the extended network income.
“Our volumes of cargo invariably exceeded the global landmarks of IATA, demonstrating our ability to use our extended network to ensure new contracts,” the SATS said in its annual report.
Campaign objective By the end of the 2029 financial year, he reached $ 8 billion in Singapore ($ 6.2 billion) in revenue 2029, thanks to a larger network, the growth of the Asia-Pacific passenger volume and the role of Singapore as an aviation center.
