Swissport’s ‘excellent’ 2018 saw cargo revenues up by 6.5%

Swissport reported an “excellent year” in 2018 as the ground handler saw total group revenues surge by 6.7% to just under €3bn, with revenues in air cargo handling rising by 6.5% to €560m.

The Switzerland-based company, whose parent is China’s HNA Group, recorded 2018 operating EBITDA of €273.2m, an increase of 24.1% over the previous year.

Air cargo volumes handled in 2018 increased by 2.1% to 4.8m tons.

Eric Born, group president and chief executive of Swissport International, said: “2018 was an excellent year for Swissport, both from a strategic perspective and from a results point of view.
“We actively realized organic revenue growth above the market and a favourable market environment gave us additional lift.

“With the strategic acquisition of the Australian ground services company Aerocare in March 2018, we added a growth platform in the Asia-Pacific region, creating the basis for our regional expansion.”

At year-end 2018, Swissport was active at 303 airports in 50 countries on six continents.

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