SATS Ltd. Announces Operating Results for the Third Quarter and Nine Months Ended December 2013
SATS Ltd. announced operating results for the third quarter and nine months ended December 2013. For the quarter, the company reported unit services handled was 28,620 against 26,850 a year ago. Flights handled were 34,920 against 31,680 a year ago. Cargo/mail processed was 384,270 tonnes against 377,180 tonnes a year ago. Passengers handled 11.25 million against 10.73 million a year ago. Unit meals produced 5.29 million against 5.61 million a year ago. Gross meals produced 6.66 million against 7.24 million a year ago. In the third quarter of fiscal year 2013-14, the number of flights handled by SATS grew 10.2% and unit services increased by 6.6% year-on-year. Cargo throughput was up 1.9%. Passengers handled rose 4.8% to 11.25 million, driven by higher low-cost carrier traffic. Gross and unit meals, however, declined 8.0% and 5.7% respectively due mainly to the loss of Qantas' flights to Europe.
For the nine months, the company reported unit services handled was 83,140 against 77,120 a year ago. Flights handled were 100,570 against 91,580 a year ago. Cargo/mail processed was 1,127,100 tonnes against 1,105,290 tonnes a year ago. Passengers handled 32.95 million against 30.71 million a year ago. Unit meals produced 15.57 million against 16.49 million a year ago. Gross meals produced 19.75 million against 21.31 million a year ago. Except for gross and unit meals, all operating metrics grew in the first nine months of fiscal year 2013-14.