Tuesday, October 25, 2011

SATS

SATS: Co. could see some interests on back of strong operating data Changi Airport, with Sept traffic continues to soar, at 3.82m +12.5% mom, taking passenger traffic for first 9 mths to 34.2m, and on course to handle a new high of 45m this yr. Sept aircraft movements 25,500 +16.4% yoy, and 221,900 +13.8% yoy for first 9 mths.

Low Cost Carrier traffic remains buoyant +26% yoy in Sept and now accounting for 25% of total passenger movements at Changi, while full-service carriers +7.1% yoy. Sept cargo movement at 154,400 tons +2.2% yoy, and 1.38m tons +2.5% yoy for first 9 mths.

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