While Mok was positive on the latest set of numbers, he was also mindful of the potential impact of the rising input costs due to the ongoing Middle East conflict, as some contracts are set to expire soon. “Hence, we got to try and manage that with our customers as well,” Mok says.
The global aviation industry is bracing for some turbulence with fuel costs testing the hedging skills of airline executives. However, for ground handler Sats (SGX:S58
) , having integrated the acquisition of WFS, is revving its growth engine just fine, even if not firing on all cylinders.
“The combined group now has a resilient business model, and even when there are ups and downs, because of the network and model, we were able to ride through a lot of these different challenges that came our way,” says CEO Kerry Mok at the recent results briefing on May 26.
