Monday, July 8, 2024 SITA, a leading global provider of technology solutions for the air transport sector, has announced its 2023 financial results, revealing revenues close to US$ 1.5 billion. This marks a 7% increase from the previous year, with expectations for continued strong performance in 2024.
During the June Annual General Assembly, CEO David Lavorel highlighted growth in both margin and EBITDA, surpassing forecasts by 4%. “Every one of our customers and members benefits from our strong performance and growth,” said Lavorel. “It means we can self-fund our portfolio evolutions and explore further innovation opportunities.
This is vital as we address the big trends now facing travel and take on new technologies to shape our industry’s future. Our portfolio developments and innovations are preparing the industry for the years ahead, delivering seamless and touchless journeys, operational efficiency, resilience and agility, sustainability, and more.” In 2023, SITA secured numerous contracts and partnerships to enhance airport and border travel through digital identities, biometrics, and mobile-enabled self-service solutions.
Notable projects include biometric touchpoints at Frankfurt Airport, a digital travel and sustainability partnership with the Arab Air Carriers Organization, and leading trials in Aruba using ICAO’s Digital Travel Credential (DTC) standard. SITA’s agreement with the Airports Authority of India (AAI) aims to deploy advanced passenger pro.