Swissport has reported revenue of CHF $2.1 billion ($2.4 billion) for 2013, an 11-percent increase from the previous year, despite what the company said were poor market conditions and foreign exchange headwinds.
“Main contributors to Swissport’s growth were the full-year impact of the Flightcare acquisition that was completed in September 2012, as well as new contract wins, offset by negative foreign exchange impacts and certain contract losses,” the company said in a statement. “By gaining new business and successful contract renewals, Swissport is continuing to capture market share.”
Swissport characterized 2013 as a year in which passenger numbers grew faster than capacity and cargo markets.
President and Chief Executive Officer Per Utnegaard said, “The 2013 overall growth for the group was in line with expectation, as we continue to capture market shares. I am confident that with the acquisition of Servisair we will further strengthen the position of the Swissport group.”