SATS sinks into red with $43.7m net loss in Q1

Uploaded By:  Nathanielle Punay Submitted By:  Nathanielle Punay Case Study:  No A decline in aviation volume and loss contributed by the overseas entities dragged profit. SATS recorded a $43.7m loss in Q1 FY2021 from a $54.7m profit in Q1 FY2020, which is a 180% YoY plunge, an announcement revealed. Group revenue similarly sank 55% YoY to $209.4m from $465.1m over the same period. read more