Saudi Ground Services Slashes Costs After Year of Worldwide Flight Disruption

Despite challenges, SGS has executed several strategies aimed at boosting efficiency to limit what could have been a bigger hit to its business.
March 8, 2021

DUBAI: Saudi Ground Services said it had slashed operating costs as it posted a loss caused by the collapse in global air travel.

The company which services 28 airports across the Kingdom and processed more than 690,000 flights a year before the pandemic, reported a total comprehensive loss of SR446.7 million ($118.9 million) for last year, it said in a Tadawul stock exchange filing.

Read more: https://www.arabnews.com/node/1821226/business-economy

Sign up for our eNewsletters
Get the latest news and updates