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SATS braces for 60-70% plunge in 4Q profits as Covid-19 storm stalls global air travel

Uma Devi
Uma Devi • 3 min read
SATS braces for 60-70% plunge in 4Q profits as Covid-19 storm stalls global air travel
SATS says it is now expecting its profits for the quarter to plunge by approximately 60% to 70% compared to last year. This will correspondingly result in a reduction of up to 25% for the group’s full-year results.
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