Comment / Doubts grow around SATS value story as ex-Kuehne CEO joins

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Singapore’s SATS has a lot on its plate when it boils down to execution these days.

Background

Today’s air freight update from Kuehne + Nagel (K+N), covered separately as part of the Swiss forwarder’s Q1 23 release here, didn’t send any positive vibes to the trade.

And financial markets took heed, although K+N masterfully delivered in ocean freight, so the airborne pain was contained (sort of).

But for SATS, the world’s largest ground handler following the purchase of France’s Worldwide Flight Services (WFS), the ...