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Sats shrugs off full-year loss; focuses on e-commerce cargo, potential acquisitions

Jeffrey Tan
Jeffrey Tan6/4/2021 07:00 AM GMT+08  • 8 min read
Sats shrugs off full-year loss; focuses on e-commerce cargo, potential acquisitions
E-commerce cargo is a higher value product compared to general cargo given that it can command a premium, says CEO Alex Hungate.
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Photo: Samuel Isaac Chua/The Edge Singapore

Despite posting its worst full-year results on May 27, shares of in-flight caterer and aviation services provider Sats have traded higher.

The stock climbed 2.6% to close at $3.96 on June 3, translating to a gain of 53.5% from the 2020 trough of $2.58. However, the stock is still down 13.2% from its year-to-date high of $4.56.

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