SITA, the world’s leading specialist in air transport communications and IT solutions which is 100 percent owned by the air transport community, today announced 2014 revenues of US$1.7 billion. This consolidated group revenue, a rise of 4.3 percent from 2013, continues the organization on its growth trajectory.
The results, confirmed at SITA’s Annual General Assembly (AGA), show the company’s solid business performance and growth. These were enhanced by strong sales performance, a sound cash balance, a low level of debt and continued favorable customer feedback and loyalty scores highlighting the focus SITA places on its community and customers.
Francesco Violante, CEO of SITA, said: “SITA is stronger due to our long-term strategic vision and the investments made in recent years. We have made advances in the critical areas of portfolio developments, service excellence and collaborative innovation with our members and the wider air transport community. SITA continues to invest in our operations, service quality and our people, which together position us to reach our strategic 2020 vision.”
In addition, the SITA AGA approved a number of changes to SITA’s governance to build on the company’s success and position it well for the future. These changes follow a comprehensive review by a special Governance Review Committee (GRC), formed following the June 2014 AGA, composed of 13 SITA Council Representatives and Board Directors led by Council President Jappe Blaauw from KLM.
