Swissport Revenue Growth

Ground service provider Swissport International generated total operating revenue of CHF1.7 billion (US$1.8bn) in 2011, a 7% increase on 2010 figures.
The company says early indicators suggest that the result is ahead of the aviation sector as a whole and “significantly ahead” of those markets where its operations are focussed.
President and CEO Per H Utnegaard said he was encouraged by the results and that they reflected the level of new contract wins and renewals for the company.  He commented: “Swissport’s strong performance under very challenging market conditions proves again that the resilience of our business model and the robustness of our strategy are working well.”
During 2011, Swissport won a six-year contract to handle Lufthansa’s regional fleet in Munich as well as four handling licences at Brussels Airport.  It also began cargo handling at Japan’s Narita International Airport and secured a five-year agreement to handle Finnair’s baggage and apron services at its Helsinki Airport hub.  In addition, the company won several awards over the year.
Mr Utnegaard concluded: “We will continue to enhance our operating performance to bring ever-better service, value and professionalism across our global network.”