As per its FY2025 annual report, SATS has cargo operations across 125 locations, with 55 in EMEA and 53 within the US.
CGS International’s (CGSI) Tay Wee Kuang and Lim Siew Khee “remain constructive” on SATS group, as they believe growth in its cargo business will outpace resilient global air cargo demand.
In the group’s 1QFY2026 ended June, Tay and Lim note that SATS’ results “mirrored the trend” in global air cargo demand, with cargo and mail processed in Europe, the Middle East and Africa (AMEA) growing 21.1% y-o-y and 7.1% q-o-q, compared to the Americas which increased marginally by 1.0% y-o-y and fell 0.5% q-o-q.
