Meanwhile, its Food Solutions segment revenue rose 5.6% y-o-y to $328.3 million, driven by sustained growth in air travel and inflight meal demand.
The group’s revenue for the period came in 9.9% y-o-y higher at $1.51 billion, and ebitda similarly came in 9.9% y-o-y higher at $273.8 million. SATS says that this was achieved amid market volatility and disruptions to global trade flows.
The group says that this growth in revenue is due to continued volume growth in its cargo and aviation food services, supported by its global network. Its Gateway Services business segment revenue rose 11.2% y-o-y to $1.18 billion, driven by a larger customer portfolio and strong cargo volume growth that outperformed IATA’s global growth benchmarks.
