{"id":14669,"date":"2020-09-03T16:59:15","date_gmt":"2020-09-03T16:59:15","guid":{"rendered":"https:\/\/www.africa-press.com\/tanzania\/?p=14669"},"modified":"2020-09-03T16:59:15","modified_gmt":"2020-09-03T16:59:15","slug":"swissport-sees-business-increase-at-end-year","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year","title":{"rendered":"SWISSPORT SEES BUSINESS INCREASE AT END YEAR"},"content":{"rendered":"

AfricaPress-Tanzania:<\/strong> SWISSPORT Tanzania has said business is expected to register a gradual increase of cargo and flight volumes towards the end of the year.<\/p>\n

The prediction by the ground handler firm whose business had been hit hard by the Covid-19 pandemic came as several airlines are slowly resuming business, which is an encouraging sign of recovery.<\/p>\n

Swissport Chairman, Jeroen de Clercq said they are carefully monitoring the situation while supporting the airlines during the re-start of operations and responding to the rapidly changing business landscape.<\/p>\n

\u201cOur business is slowly recovering as business cautiously resumes, and we expect to register a gradual increase towards the end of the year.<\/p>\n

\u201cA few of our airline customers have resumed operations at JNIA and KIA, albeit with frequencies significantly below pre Covid-19,\u201d Mr de Clercq said via a statement.<\/p>\n

However, in the first six months to June, the firm posted a loss of 1.128bn\/- compared to the net profit of 1.225bn\/- of similar period last year.<\/p>\n

\u201cThe sharp deterioration in revenue and profit was attributed to the adverse impact of Covid-19 pandemic on the aviation industry,\u201d the chairman said.<\/p>\n

Due to the loss, Swissport decided not to declare \u201cdividend.\u201d The firm is listed on Dar es Salaam Stock Exchange (DSE) and stocks traded at 1,300\/- yesterday.<\/p>\n

Swissport cargo volumes went down by about 40 per cent compared to pre-pandemic period, but were fairly stable to sustain business.<\/p>\n

\u201cFlight frequencies were significantly down,\u201d the firm statement said, \u201cwe handled only about 20 per cent of pre-Covid-19 volumes.\u201d<\/p>\n

Total revenue during the period decreased by 25 per cent from 17.24bn\/- to 12.19bn\/-.<\/p>\n

On the other hand, total operating costs declined by 10 per cent from 15.13bn\/- to 13.66bn\/- due to various cost saving initiatives adopted by the firm.<\/p>\n

Early this year, Swissport secured a hub management contract for Air Tanzania, the largest airline company in the land.<\/p>\n

The new agreement with the national flag carrier includes airport ground services and air cargo handling and aviation security.<\/p>\n

Swissport will provide check-in and gate services, baggage handling, moving of aircraft, cargo loading and aviation security services.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Tanzania: SWISSPORT Tanzania has said business is expected to register a gradual increase of cargo and flight volumes towards the end of the year. The prediction by the ground handler firm whose business had been hit hard by the Covid-19 pandemic came as several airlines are slowly resuming business, which is an encouraging sign of […]<\/p>\n","protected":false},"author":84,"featured_media":14644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[5637,886,168],"class_list":["post-14669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-de-clercq","tag-dse","tag-swissport"],"yoast_head":"\nSWISSPORT SEES BUSINESS INCREASE AT END YEAR - Tanzania<\/title>\n<meta name=\"description\" content=\"SWISSPORT Tanzania has said business is expected to register a gradual increase of cargo and flight volumes towards the end of the year.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SWISSPORT SEES BUSINESS INCREASE AT END YEAR\" \/>\n<meta property=\"og:description\" content=\"SWISSPORT Tanzania has said business is expected to register a gradual increase of cargo and flight volumes towards the end of the year.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\" \/>\n<meta property=\"og:site_name\" content=\"Tanzania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-03T16:59:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/09\/d65f0c24616c3254ab2de1e988dc30af.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2256\" \/>\n\t<meta property=\"og:image:height\" content=\"1496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SWISSPORT SEES BUSINESS INCREASE AT END YEAR\",\"datePublished\":\"2020-09-03T16:59:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\"},\"wordCount\":357,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/tanzania\/sites\/17\/2020\/09\/d65f0c24616c3254ab2de1e988dc30af.jpg\",\"keywords\":[\"de Clercq\",\"DSE\",\"SWISSPORT\"],\"articleSection\":[\"all news\",\"Economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\",\"url\":\"https:\/\/www.africa-press.net\/tanzania\/economy\/swissport-sees-business-increase-at-end-year\",\"name\":\"SWISSPORT SEES BUSINESS INCREASE AT END YEAR - 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