Comment / Analysis: What to do with Worldwide Flight Services

Ground cargo handlers were hit the hardest by Covid-19, and thanks to Worldwide Flight Services’ audited 2020 results – which didn’t differ materially from the unaudited figures disclosed in March – released recently we are now able to gauge the extent of the damage. In short, it could have been worse but wasn’t due to friendly state and lenders’ aid.

In fairness, it’s a pity Q1 21 numbers have not been uploaded yet on their platform but we aren’t far away, as the ...