• About Us
  • Contact
Wednesday, June 7, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Aviation

Improved business environment to drive flight frequencies and cargo volumes up in 2023 – Swissport

by Editor
26/04/2023
in Aviation
0
Improved business environment to drive flight frequencies and cargo volumes up in 2023 – Swissport
Share on FacebookShare on Twitter

Improved business environment registered in the aviation sector over the past years is expected to increase flight frequencies and volume of cargo in 2023 according to the latest Swissport Tanzania outlook.

The Swissport Tanzania Chief Executive Officer Mrisho Yassin said both ground handling and cargo handling business segments have fully recovered from the impact of COVID 19 with airlines now operating at their normal capacity and have plans to increase frequencies.

“Planned growth of Air Tanzania (The National Carrier) is also expected to stir further growth of the aviation market. Cargo export volumes are increasing while import volumes are expected to remain constant and stable. Lounge business is envisaged to continue growing and contribute positively to the business,” Yassin said.

The Dar es Salaam Stock Exchange (DSE) listed company however remains committed to improving quality of services offered to airlines, maintaining operational and cost efficiencies, investments in human resources, technology, training, ground support equipment and cargo infrastructures, product innovation, retention of customers and winning new profitable business as key priorities to sustain and grow the business in 2023.

Swissport cargo operator. mproved business environment registered in the aviation sector over the past years is expected to increase flight frequencies and volume of cargo in 2023. PHOTO | COURTESY.

Good performance in 2022

According to the company’s financial results for the year ended December 31, 2022, flight frequencies increased by 53% and volume of cargo handled increased by 20%.

As a result, company’s net profit rose to 2.61bn/- from 2.15bn/- realised in the preceding year attributed to significant business recovery from the impact of COVID 19 and increased Air Tanzania operations.

The company’ total revenue increased by 25 percent to 38.29bn/- according to the company’s audited financial results.

Dividend to Shareholders

The company’s Board has announce a final dividend of 1.51bn/- or 42/- per issued and fully paid share with the final dividend to be paid out on or about 21st June 2023.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
Editor

Editor

Next Post
20 Yr Treasury bond undersubscribed for the first time since 2018

20 Yr Treasury bond undersubscribed for the first time since 2018

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Wed, 7 Jun.

Recommended

DSE equity turnover slumps by 80 pct to 947.2m/-

DSE equity turnover slumps by 80 pct to 947.2m/-

12 months ago
African Development Bank welcomes Banga’s confirmation as World Bank chief

African Development Bank welcomes Banga’s confirmation as World Bank chief

1 month ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili