SATS posts $33.2m loss in Q2

Uploaded By:  Paul Howell Submitted By:  Paul Howell Case Study:  No Outlook remains tough with travel restricted; group says it's ready to assist vaccine distribution. SATS reported a $33.2m loss for Q2, extending albeit at a narrower pace its Q1 decline, the group’s latest results showed. Revenue contracted 53.5% YoY to $231.1m during the same quarter compared to Q2 2019. Earnings before interest, tax, depreciation and amortization (EBITDA) dropped 80.8% YoY to $20.5m over the same period. read more