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.

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