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
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.