The Swissport Profile
In 2018, Swissport International AG provided best-in-class airport ground services for some 282 million airline passengers and handled roughly 4.8 million tons of air freight in 115 cargo warehouses worldwide. The world's leading provider of airport ground services and air cargo handling, with 66,000 employees, achieved consolidated operating revenue of 2.99 billion euros in 2018. At the end of June 2019, Swissport was active at 310 airports in 49 countries on six continents.
In working towards our vision, Swissport is focused on consolidating and strengthening our market position to ensure we are constantly driving industry innovation in key areas such as service, quality and reliability.
Swissport, on the occasion of the publication of its latest Sustainability Report today, has committed to further invest in environmentally friendly equipment. By 2025, the company aims to increase the share of electric vehicles in its fleet to at least 50% to further reduce its carbon footprint and to improve the direct working environment of its employees.
Swissport has been awarded a 5-year contract to perform load control services for all continental flights of Swiss International Air Lines. Swissport’s “Centralized Load Control” unit (CLC) will provide SWISS with some 21,000 load-sheets yearly across 47 airports.
Swissport International is developing its lounge business in the Asia-Pacific region. The first lounge under the Aspire brand will open at Perth Airport in Western Australia mid next year.
Swissport increased its revenue to EUR 1,526.0 million in the first half of 2019 compared to EUR 1,437.9 million in the first half of 2018 (plus 6.1%). The company’s revenue growth continued to be profitable with its operating EBITDA up 7.2% to EUR 121.9 million for the first six months of 2019 (EUR 113.7 million in the first half of 2018).
Swissport Group S.à r.l. (together with its subsidiaries, "Swissport") successfully closed and settled its debt refinancing. The refinancing includes EUR 410 million of senior secured notes, EUR 250 million of senior notes and a EUR 850 million term loan B facility. Swissport is using the net proceeds from the refinancing to repay existing debt.