Sats has reported earnings of $20.4 million for FY2022 ended March, reversing from a loss of $78.9 million in the preceding FY2021.
The improvements were due to a pick up in air travel, with revenue for the full year increasing from $970 million to $1.18 billion.
For its 2HFY2022, earnings reached $7.2 million, versus red ink of $2 million in 2HFY2021. Revenue in the same period was $607.3 million, versus $529.5 million in 2HFY2021.
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