Unlock the Growth: SITA Reports Revenue Surge and Innovation Insights - Business

Aviation technology specialist SITA has reported an increase in revenue and profits in 2023 , with a forecast for continued growth in 2024 . The firm announced its latest trading update at its Annual General Assembly , revealing a 7 % increase in revenue to .5 billion . Chief executive David Lavorel stated that both margin and EBITDA were 4 % ahead of plans , with indications pointing to a continued positive trend throughout the year.

 Our portfolio developments and innovations are preparing the industry for the years ahead , delivering seamless and touchless journeys , operational efficiency , resilience and agility , sustainability , and more.

SITA also reported record contracts and partnerships with airports and border control for digital identity technology , biometric , and mobile - enabled self - service . The firm has implemented biometric touchpoints for airline passengers at Frankfurt Airport and continues to explore opportunities for further innovation.

One major trend identified by SITA is the use of collaborative IT for aircraft to make flights more efficient and sustainable , utilizing AI and data - driven operational tools . In 2023 , airlines such as Azul , Singapore Airlines , AIX Connect , and Vistara adopted SITA OptiFlight to reduce fuel consumption and CO2 emissions through better flight path planning . The firm 's agreement with the Airports Authority of India will see the implementation of passenger processing solutions and cloud - enablement for 44 airports in India.

 With 75 successful years behind us , we 're looking to the future of travel . Our mission is to prepare our customers to deliver the ultimate travel and transport experience , with the most advanced , efficient , and sustainable technologies.

SITA 's innovative solutions , including the SITA Connect Go SD - WAN solution , have attracted early customers such as Qatar Airways and Biman Bangladesh Airlines . The firm is dedicated to shaping the industry 's future by addressing current travel trends and embracing new technologies.

The aviation industry is evolving rapidly , and SITA is at the forefront of driving innovation and efficiency in air transportation . With a strong focus on growth and sustainability , the firm 's strong performance in 2023 has set a solid foundation for continued success in 2024 . As the demand for seamless and secure travel experiences grows , SITA remains committed to providing cutting - edge solutions that meet the evolving needs of customers and the industry as a whole.