Latest news with #SATS
Yahoo
18 hours ago
- Business
- Yahoo
Resurgent air travel and a strategic acquisition helped SATS climb over 100 places in the Southeast Asia 500
Airlines the world over are reporting a surge in business as tourists go traveling again. Carriers earned a total net profit of $32.4 billion last year, up 18% from the year before, while passenger numbers hit a new high of 4.8 billion. In Southeast Asia, airlines like VietJet, Thai Airways, and Garuda Indonesia posted double-digit revenue growth last year. But the most impressive performance came not from a carrier, but rather a company that keeps its feet on the ground. Singapore's SATS, which provides an array of services including food preparation, air cargo handling and passenger services, tripled its revenue in 2024, lifting the company to No. 93, a jump of 134 places, on this year's Southeast Asia 500. SATS's 2024 revenue now stands at $3.8 billion. SATS was the biggest climber on this year's list, not including newcomers. Much of SATS's revenue growth comes after its completed acquisition of Worldwide Flight Services (WFS), a global air cargo logistics provider. SATS bought the company for 1.3 billion euros ($1.5 billion at current exchange rates) in a deal announced in early 2023. SATS's acquisition of WFS now makes the Asia-centric company much more of an international player. WFS is the world's largest cargo handling firm, and is a major player in both Europe and the Americas. A combined SATS-WFS has a combined reach of more than 215 locations worldwide, covering trade routes responsible for more than half of global air cargo volume. SATS's history stems back to the early days of commercial aviation in Singapore, starting as the ground division for Malayan Airlines. That airline later split into Singapore Airlines (SIA) and Malaysian Airline Systems. SIA then established its ground handling business as a separate business in 1972. Now, SATS is the main air cargo, ground handling and inflight-catering services provider for Singapore's largest civilian international airport, Changi Airport. SATS has since expanded its footprint throughout Asia, forming joint ventures in markets like mainland China, Taiwan, Hong Kong, the Philippines, and Indonesia. In its most recent financial report for the quarter ending March 2025, SATS reported a 13% jump in revenue year-on-year to reach 5.8 billion Singapore dollars ($4.53 billion at current exchange rates), driven by a growth in business volume and revenue contributions from its expanded network. 'Our cargo volumes have consistently outperformed IATA's global growth benchmarks, demonstrating our ability to leverage our expanded network to secure new contracts,' SATS said in its annual report. The company aims to hit 8 billion Singapore dollars ($6.2 billion) in revenue by the end of its 2029 fiscal year, thanks to a larger network, growth in Asia-Pacific passenger volumes, and Singapore's role as an aviation hub. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
EchoStar (SATS) Skyrockets By 50% as Trump Orders Firm, FCC to Resolve Dispute
EchoStar Corporation (NASDAQ:SATS) is one of the . EchoStar Corporation jumped by 50 percent on Monday to close at $25.11 apiece as investor sentiment was buoyed by reports that President Donald Trump stepped in to its ongoing battle with the Federal Communications Commission (FCC), spurring optimism about business continuations. According to a report by Reuters, Trump urged FCC Chairman Brendan Carr and EchoStar Corporation (NASDAQ:SATS) Chairman Charlie Ergen to reach a deal over the fate of the latter's wireless spectrum licenses. This followed a letter from the FCC last month notifying the company that it initiated an investigation to look into the company's compliance obligations to provide 5G services in the US. A telecom engineer behind the control board in a comms facility. Following the probe, EchoStar Corporation (NASDAQ:SATS) announced that it intentionally did not pay worth $326 million of interest payments for one of its senior notes, saying that its ongoing battle with the FCC froze its ability to make decisions. While we acknowledge the potential of SATS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
7 days ago
- Business
- Business Insider
Trump urges EchoStar, FCC Chairman to resolve license dispute, Bloomberg says
President Donald Trump has intervened to urge EchoStar (SATS) and Federal Communications Commission Chairman Brendan Carr to resolve a dispute over the company's valuable spectrum licenses, Bloomberg's Kelcee Griffis and Stephanie Lai report. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Time of India
10-06-2025
- General
- Time of India
Schools in DK expect a rise admissions to Class 1
Mangaluru: Schools in the district expect an increase in admissions to Class 1 this academic year due to the relaxation of the minimum age limit — from six years to 5 years and 5 months. According to officials, this will be the last academic year for such an exemption to be granted. The state has announced that it will adhere to the Right to Education (RTE) and National Education Policy (NEP), which will allow only those who have completed age six as of June 1 from next year. Govinda Madivala, DDPI, Dakshina Kannada, is hopeful that they expect to see an increase of an additional 500 to 600 admissions to Class 1. "These additional admissions we expect are more than targeted for the current academic year. Last year, 30,860 students joined Class 1 in DK district," said Madivala, adding that higher primary schools also see an additional 2,000 students' admissions every year, especially from class 5 or 6, as students from other districts join here. "We will be able to get a complete picture only after July, as the admissions process is open till then," he explained. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Berlin: GEERS sucht 700 Testhörer für Hörgeräte ohne Zuzahlung GEERS Undo "Admissions are going on at full swing in govt schools. It was initially affected by recent heavy rain, which stopped many students from other districts, particularly from north Karnataka, from getting admissions. The numbers are likely to go up after their return," said a school head. A block education officer (BEO) confirmed the same and added: "With this relaxation, children who went to anganwadis or whose names are not registered in the Student Achievement Tracking System (SATS) and are 5 years and 5 months old are now eligible. Those who attend kindergarten (LKG/UKG), registered in SATS, and not completed UKG are not eligible even if they are 5 years and 5 months old." The BEO further explained that the SATS database contains comprehensive information, and this new flexibility in admission criteria will particularly advantage students entering govt schools, as they typically do not attend kindergarten programmes.
Metro
08-06-2025
- General
- Metro
I've been revising for my son's GCSEs - I'm more stressed than him
My dining room table is strewn with textbooks. There's a chart on the kitchen wall that has every exam coming up in the next few weeks and an app on my phone keeps bleeping, telling me it's time to stop history and start chemistry revision. GCSE time has certainly taken hold in our household. But it's not my son groaning under the weight of all this stress. It's me. Even though I'm 47 and did my own GCSEs 32 years ago, I'm feeling the pressure more than my 16-year-old son Alex. It's me who wakes in the middle of the night wondering if we covered enough chemistry. And I'd wager other parents feel exactly the same. In September – the start of the infamous Year 11 – I knew this academic year would be tough when teachers started talking about early revision, apps, videos we should download to plan ahead, and setting up a studying schedule. Back in autumn, though, it all seemed so far in the future. And besides, we had Christmas first, didn't we? I was wrong to think I could relax. A round of mocks in late autumn followed by more earlier this year meant that the word 'exam' has bounced around my brain for months. Then, parents with children of a similar age started talking about what they were doing to prepare. I began to panic. That's when I followed up on all the advice I'd been given in September, read up on how to revise strategically and looked up every 'hack'. From cramming, to 'blurting' – where you get your child to randomly write down and 'blurt' all their knowledge willy-nilly on a piece of paper. We've written and cut out flashcards on everything from the Steinbeck novel Of Mice and Men, to business studies jargon ranging from 'economies of scale' to 'break even output.' I've tried to get my non-scientific mind (I flunked science at GCSE) around osmosis and learnt about the practices of every religion around the world for religious studies. I've analysed the meaning of a grading system alien to me (9 for an A*, 4 for a pass) and I know for a fact I am more stressed than my son is. Although he wants to do well, he is certainly not anxious about it to the level I am. In short, my brain is frazzled. And now, every day, my kitchen table is a mess of books, pens, highlighters and notes. My husband Cornel, 45, thinks I need to step back. 'I passed all mine on my own, and so did you,' he points out. In fact, he thinks other parents' fears have rubbed off on me and we all need to chill out. And it's true. Parents didn't get involved back in the 80s and 90s. But now it's a whole new world. Parents discuss revision hacks as soon as their kids hit year eight. I know people who got tutors for their kids' SATS – which feels unreal to me. One friend I had coffee with had an app ping on her phone during our chat. 'Oh, just alerting me to his physics exam today,' she smiled. I realised I was not alone – we're all monitoring our children's studies – but I became curious as to why. My own parents barely knew what day my exams were, let alone helped me revise. All my peers say the same. Is it that we care more now? Or has life become more competitive? Are we all that terrified of the end of August when we get the results? I have a recurring dream that I arrive on exam results day and my son runs away from me, waving his brown envelope of results. In my dream I try to snatch it from him but he runs off laughing. I wake in a cold sweat every time. I wonder – does that mean I'm a caring mother or a bossy, meddling bore? But I'm not pressuring my son – he took the initiative himself to really knuckle down – his mediocre mock results were the boost we both needed to really get stuck into revision. He's worked so hard and I know whatever happens, he will have done his best and that's fine with me. It's also brought us closer together. A year or so ago he'd scuttle upstairs straight away on his return from school and play his PS4 or listen to music. But now we sit on the sofa together and read out flashcards or discuss the themes of loneliness in Of Mice and Men. Often, even as we finish our revision, he'll stay a little longer and tell me about his day. It's time we probably wouldn't have together if it wasn't for his GCSEs. Sometimes in the midst of all the stress, I'll look at him explaining economies of scale and profit margins and go misty eyed, wondering where on the earth the toddler who once cut his own hair at nursery with plastic scissors went. More Trending Life is moving fast and I want to enjoy the time I have with him, all while helping him achieve the best he can. So, fellow parents of GCSE – and A-Level – students, you are not alone. This time will pass – all the hard work will be worth it and one day this stressful time will all seem like a dream. I just hope I can hold it together until results day. If I do my son jokes I'll get a 9 in good behaviour. Do you have a story you'd like to share? Get in touch by emailing Share your views in the comments below. MORE: My son cut off contact – I'm cutting him from my will MORE: I won't sleep with anyone else until I figure out my sexuality MORE: My relationship was on the line – until I got a driver's licence Your free newsletter guide to the best London has on offer, from drinks deals to restaurant reviews.
