Sats says no ‘material interruption’ to Middle East cargo operations amid Iran war
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Sats, a cargo handler, announced that its Middle East operations have not faced any material interruptions amid the ongoing Iran war. The company, which operates in Saudi Arabia and Oman, continues to follow safety protocols. Despite regional airspace closures affecting airlines, Sats reported a 12% increase in cargo volume at its Saudi stations. The firm is prepared to manage supply chain disruptions and is in close contact with airline customers to adapt operations as needed. Phillip Securities upgraded Sats to 'buy', citing no expected material impact from the conflict.
Source: Businesstimes News The copyright of this article belongs to the original author/organization.
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