SITA hits 70th mile­stone; $1.7bn in rev­enues for 2018

The com­pany also re­vealed that in 2018, its ap­pli­ca­tion-led busi­ness over­took its con­nec­tiv­ity busi­ness

Aviation Business - - CONTENTS -

At SITA’s an­nual gen­eral as­sem­bly that was held on 19 June 2019, the air trans­port IT provider cel­e­brated its 70th an­niver­sary and an­nounced record rev­enues of $1.7bn for the 2018 year. Last year also saw a turn­ing point for the firm’s ap­pli­ca­tion-led busi­ness, which over­took its con­nec­tiv­ity busi­ness.

“We had a very suc­cess­ful 2018 with record rev­enues of $1.7bn and for the first time in our 70-year his­tory, our ap­pli­ca­tion busi­ness now rep­re­sents more than 50% of our rev­enues. This is an im­por­tant mile­stone be­cause while con­nec­tiv­ity re­mains a vi­tal part of our busi­ness, ap­pli­ca­tion growth is a fun­da­men­tal el­e­ment of our long-term strat­egy,” said Bar­bara Dal­ibard, SITA CEO.

Ac­cord­ing to the air trans­port IT provider, 95% of all in­ter­na­tional des­ti­na­tions and over 13,500 in­dus­try sites are con­nected to SITA’s net­work.

Since its in­cep­tion back in 1949, SITA has been the fore­front of many in­dus­try ad­vances in tech­nol­ogy, such as the de­ploy­ment of the first com­mon-use in­fra­struc­ture at air­ports, the first air­line e-com­merce book­ing en­gine and the first e-visa sys­tem for bor­der man­age­ment.

“It is won­der­ful that as SITA cel­e­brates this an­niver­sary we con­tinue to trans­form to meet our cus­tomers’ needs. From when SITA took its first steps to cre­ate the world’s largest data net­work in 1949 to to­day’s soft­ware-de­fined net­works (SDN) and tech-savvy pas­sen­gers, we are trans­form­ing to de­liver a more ef­fi­cient in­dus­try and bet­ter pas­sen­ger ex­pe­ri­ence with easy travel ev­ery step of the way,” added Dal­ibard.

Over the course of the two-day an­nual gen­eral as­sem­bly, SITA also hosted its an­nual In­no­va­tion Fo­rum, a plat­form that ex­am­ines how dig­i­tal tech­nolo­gies can be bet­ter utilised within the realm of avi­a­tion. These in­clude ar­ti­fi­cial in­tel­li­gence, bio­met­rics and blockchain tech­nol­ogy.

c“Our ap­pli­ca­tion busi­ness now rep­re­sents more than 50% of our rev­enues,” com­mented Dal­ibard.

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