Swissport declares ‘favourable’ half-year results

Swissport International has had a positive first half of 2018, with cargo volumes rising by five percent year on year to reach 2.3m tons.

At €1.43bn, the handler’s total revenues for the January to June period showed an increase of 4.1% over the same six months of 2017. Cargo revenue climbed 7.3% to €0.2bn.

“Swissport continues to deliver value by focusing on profitable growth,” said group president and chief executive Eric Born.

“A mix of organic growth, our acquisition of [Australian ground handler] Aerocare, the disciplined restructuring of underperforming operations and the exit from continuously loss-making activities, contributed to the favourable results,” he added.

Share this story

Related Topics

Latest finance news

UPS revenues hit by market downturn

By Mike Bryant

Express services giant UPS was hit by air cargo demand decline in the fourth quarter of 2022. The cargo carrier’s…

Read More

Share this story

Freightos begins trading as a public company

By Rebecca Jeffrey

Freightos has completed its merger with acquisition company Gesher and has commenced trading as a public company on the Nasdaq…

Read More

Share this story

FedEx Express is pain point for FedEx in second quarter

By Rebecca Jeffrey

FedEx faced continued weak market demand for air cargo in the second quarter with FedEx Express a particular pain point….

Read More

Share this story