Swissport on the move

Fine results for Swissport in 2005 and also positive expectations for the year 2006

Zurich, May 31, 2006 – Swissport International, the world’s leading provider of ground services to the aviation sector, generated total operating revenue of CHF 1 499 million (EUR 999 million) last year, a 15,6% increase on the CHF 1 297 million (EUR 864 million) it recorded for 2004. Swissport thus not only confirmed but further consolidated its number-one position in the global ground handling market.

The Swissport Group also expanded its worldwide presence in 2005 from 166 to 175 stations in 41 countries, a year-on-year increase of 6%. With the resources of Ferrovial, its financially-strong Spanish parent company, behind it, Swissport expects to report further growth in 2006.

With its consistent strategy of selected quality growth, Swissport has been recording business success for several years now. Having begun life in 1997 providing ground handling services at Zurich, Basel and Geneva airports as a subsidiary of the then SAirGroup, the company, which is based in Glattbrugg, near Zurich Airport, has since expanded to offer a wide range of aviation services at 175 stations in 41 countries around the world with its workforce of around 21 000 employees.

The latest statistics from the International Air Transport Association (IATA), the industry’s umbrella organisation, suggest that air passenger numbers and air cargo volumes are both increasing by some 6% a year. Within the sector, and in its fiercely-contested ground services market, Swissport has secured an outstanding position by adopting innovative products and processes and steadily acquiring new airline customers. The milestones achieved here in 2005 included major contractual agreements with First Choice Airways, KLM/Air France, Swiss WorldCargo, ABC, Ryanair and easyJet, a collaboration with SITA on new products and technologies, and establishing a strong presence at new operating locations in Korea and Singapore. All the Swissport Group’s regions and business lines contributed to the encouraging annual results.

“We are confident of reporting double-digit percentage revenue growth for 2006, too,” adds Joseph In Albon, President & CEO of Swissport International. “Swissport has created a strong position for itself in the globalised and rapidly-consolidating air transport business. And we will continue to open up attractive new markets like Eastern Europe, the Middle East and Asia and develop new products in areas such as security, fueling and cargo on our airline customers’ behalf. We will also continue to enhance the efficiency of our operations and our processes, to deliver all our products and services at optimum cost.”

With a workforce of around 21 000 personnel, Swissport International Ltd. (which is owned by Ferrovial, a leading European infrastructure and service corporation based in Spain) provides ground services for over 70 million passengers and three million tonnes of cargo a year on behalf of some 600 client companies. Swissport is active at 175 airports in 41 countries on five continents, and generated consolidated operating revenue of CHF 1.5 billion (EUR 999 million or USD 1.315 billion) in 2005.