English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Swissport gains from Servisair

PRESS RELEASE

March 09, 2015: Swissport International Ltd., a provider of ground and cargo handling services to the aviation industry, reports total revenue and other operating income of CHF 2.9 billion for the year 2014. Compared to 2013, this represents an increase of 38 per cent, mainly due to the acquisition of Servisair and new business gained, offset by foreign exchange headwinds, portfolio rationalisation and the low de-icing in 2014.

Distinctive for the aviation industry in 2014 were ongoing outsourcing trends, still growing passenger numbers in line with capacities and an air cargo business that is continuously recovering, in some regions even increasing. Swissport in this market environment saw a fairly good 2014: Ground Handling showed steady growth in most of the countries in which Swissport is operating and Swissport´s Cargo business delivered a positive year in all aspects.

The biggest impact on Swissport´s 2014 results was the successful integration of Servisair after the closing of the acquisition on 23 December 2013. Swissport could not only strengthen its overall market share, but also became the largest ground handler in the UK & Ireland with operations at more than 30 airports, and further increased its footprint in LATAM by being present in 10 countries in the region.

Overall, Swissport was able to increase its revenue by 38% to CHF 2.9 billion due to the acquisition of Servisair and new business, offset by foreign exchange headwinds, portfolio rationalisation and low de-icing due to a mild winter season. Even excluding Servisair and the above mentioned impacts, Swissport was yet again able to grow ahead of the market and increased its revenue by 6% on a like for like basis.

Compared to the previous year, the aircraft turnaround frequencies increased 5.8% year-on-year and the continuously recovering air freight market accounted for an increase of 5.4% in air freight tonnage year-on-year (both excluding Servisair). Including Servisair the number of turnarounds handled in 2014 adds up to 2.1 million flights, and tonnage moved comes to 4 million.

Major contributors to Swissport´s growth, besides the impact of the Servisair acquisition, were new contract wins, such as the multi-year pan-European ground handling contract with Germanwings, the multi-year agreement with Saudi Airlines Cargo for Brussels and Amsterdam, the global strategic partnerships with Cargolux and Transaero, and contract wins with United in London Heathrow and Washington Dulles International (offset by negative foreign exchange impacts, low de-icing, portfolio rationalisation and certain contract losses).

In 2015, Swissport will continue to capitalise on the structural growth in the aviation industry and the ongoing outsourcing trends, and will put a focus on further realising synergies and streamlining and rationalising its cost base and portfolio.

Per H. Utnegaard, Group President & CEO of Swissport International Ltd.: "2014 was an eventful year for Swissport, mainly characterised by the complex but successful integration of Servisair, the biggest acquisition in Swissport´s history. We could cement our position as the world's leading provider of ground handling and cargo services, and for 2015 we have a well defined strategy and will put a special focus on ensuring we achieve our high global quality and operational standards."

Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector. With a workforce of more than 58,000 personnel, Swissport is active at more than 265 stations in 45 countries across five continents, and generates consolidated operating revenue of CHF 3.0 billion.

More News

Written on 27/06/2017, 21:12
three-in-a-row-from-john-deereNEU-ISENBURG, Germany: June 27, 2017. time:matters, the Lufthansa Cargo urgent delivery subsidiary, has won its third consecutive award from John Deere...
Written on 26/06/2017, 14:42
freightweek-news-update-week-26MIAMI: June 27, 2017. Avianca Brasil has begun a daily A330 service Miami from São Paulo - its first passenger route to the U.S. and only its second...
Written on 24/06/2017, 17:49
delta-and-korean-expand-partnershipATLANTA/SEOUL: June 23, 2017: Delta Air Lines and Korean Air are to create a trans-Pacific joint venture for passenger and cargo services. Subject to...
Written on 23/06/2017, 17:12
airlines-show-they-careSINGAPORE: June 22, 2017. Lufthansa Cargo, Swiss WorldCargo, United Cargo and Emirates SkyCargo have won DHL's 'Carrier Award for Reliability and...
Written on 23/06/2017, 15:27
a-good-week-for-qatar-airwaysDOHA: June 23, 2017. Notwithstanding a list of political demands on Qatar from some of its neighbors today, Qatar Airlines CEO Akbar Al Baker appears to...
Written on 22/06/2017, 21:24
project-cargo-gets-new-liftLE BOURGET: June 22, 2017. Lockheed Martin launched its latest commercial variant of the ubiquitous Super Hercules transport – the LM-100J – at the Paris...
Written on 20/06/2017, 21:31
us-500-million-for-hybrid-airshipsPARIS, June 20, 2017. Hybrid Air Freighters (HAF) has signed a Letter of Intent to purchase up to 12 Lockheed Martin Hybrid Airships for US$500 million...
Written on 20/06/2017, 19:03
ethiopian-adds-more-b777-freightersLE BOURGET, France: June 20, 2017. Ethiopian Airlines is adding to its fleet of six B777 freighters with the purchase of two more with a list price of...
Written on 19/06/2017, 13:44
freightweek-news-update-week-25BUCHAREST: June 22, 2017. Albalact – Romania's largest dairy company – has renewed its contract with Tibbett Logistics to provide delivery of dairy...
Written on 13/06/2017, 22:19
emirates-sky-cargo-begins-luxembourg-serviceDUBAI/ LUXEMBOURG: June 13, 2017. Emirates SkyCargo began its first weekly B777 freighter service to Luxembourg this week as part of its strategic...
Written on 13/06/2017, 21:31
cma-cgm-to-buy-maersk-s-mercosul-subsidiaryCOPENHAGEN/MARSEILLE: June 13, 2017. A.P. Møller – Mærsk has confirmed the sale of its Mercosul Line subsidiary to CMA CGM to avoid market dominance...
Written on 12/06/2017, 13:37
freightweek-news-update-week-24PORT ELIZABETH, NJ: June 15, 2017. The Ocean Alliance has begun its first weekly U.S. East Coast Loop 3 service with a call by the 8,700 TEU capacity CMA...
Written on 09/06/2017, 21:41
antonov-makes-last-minute-andean-liftMENDOZA, Argentina: June 07, 2017. Antonov used an AN124-100 in late May to move mining equipment weighing a total of 24 tonnes from Santiago, Chile to...
Written on 08/06/2017, 22:41
turkish-cargo-gets-the-word-out-and-the-business-inISTANBUL: June 08, 2017. Turkish Airlines has reported a gross profit of US$117 million on revenue of US$1.93 billion for Q1 2017 as the contribution...
Written on 08/06/2017, 20:37
customs-and-air-cargo-belgium-to-share-visionBRUSSELS: June 07, 2017. Belgian Customs and sector representative Air Cargo Belgium have agreed to "execute a common vision concerning the optimization...
Written on 08/06/2017, 19:40
schiphol-pharma-gateway-adds-abcAMSTERDAM: June 07, 2017. AirBridgeCargo Airlines (ABC) has become the second airline and 14th member of the Pharma Gateway Amsterdam (PGA) initiative...
Written on 07/06/2017, 15:47
ups-suspends-pick-ups-for-qatar-as-embargo-continuesATLANTA: June 06, 2017 UPS has informed its customers that direct import and export to and from Qatar is not be possible, following the decision by...
Written on 06/06/2017, 19:00
maskargo-boost-to-malaysia-ecommerceKULA LUMPUR: June 06, 2017. MASkargo has begun a five times weekly A330 freighter service between Kuala Lumpur International Airport (KIA), Kota Kinabalu...
Written on 06/06/2017, 15:51
delta-and-aeromexico-sign-transborder-agreementATLANTA/MEXICO CITY: June 06, 2017. Delta Cargo and Aeromexico Cargo have signed a sales, operations and marketing agreement to develop the transborder...
Written on 05/06/2017, 14:21
freightweek-news-june-05-09MARSEILLE: June 09, 2017. CMA CGM is to introduce a new box service linking the East Mediterranean, Djibouti, Gulf, Pakistan and India. Read...

- powered by Quickchilli.com -