Subscribe Free
in Technology

SITA celebrates 70th anniversary with record US$1.7 billion revenue

Posted 24 June 2019 · Add Comment

More than 100 of the world’s airlines and airports gathered in Belgium last week as SITA, the air transport IT provider, celebrated its 70th anniversary.

 

The organisation which has been at the heart of the airline industry since 1949, marked the occasion by announcing record revenues of US$1.7 billion in 2018. As SITA recorded a significant turning point in its business, it also showcased its commitment to continuous and collaborative innovation.

At the company’s Annual General Assembly, SITA’s CEO, Barbara Dalibard outlined its path of growth noting how SITA has remained a vital part of the industry over the past 70 years by continually evolving. Along with the highest ever revenues, 2018 also marked a turning point for the company as its application-led business overtook its connectivity business.

Barbara Dalibard, SITA CEO, said: “We had a very successful 2018 with record revenues of US$1.7 billion and for the first time in our 70-year history, our application business now represents more than 50% of our revenues. This is an important milestone because while connectivity remains a vital part of our business, application growth is a fundamental element of our long-term strategy.”

In 1949, 11 airlines1 joined together to establish the communications infrastructure which remains at the heart of this interconnected global industry. Today, nearly every passenger flight relies on SITA technology. In total, 95% of all international destinations and over 13,500 industry sites are connected by SITA’s network. Over the decades, SITA has delivered many innovations including; the first common-use infrastructure at airports, the first airline e-commerce booking engine and the first e-visa system for border management.

Dalibard added: “It is wonderful that as SITA celebrates this anniversary we continue to transform to meet our customers’ needs. From when SITA took its first steps to create the world’s largest data network in 1949 to today’s software-defined networks (SDN) and tech-savvy passengers, we are transforming to deliver a more efficient industry and a better passenger experience with easy travel every step of the way.” 

Over the past two days, SITA also hosted its annual Innovation Forum, an exclusive event to investigate how new technologies, including artificial intelligence, biometrics and blockchain could be harnessed to deliver more efficient operations and a seamless passenger journey.

This year’s SITA Innovation Forum brought together leading minds from airlines and airports from across the world, along with experts from outside the industry, to challenge each other to think about the changes that will impact air travel in the next five years, and how the industry can innovate for the future.

Technology will be necessary for the industry to deal with more passengers, more baggage, more aircraft, more security threats, more regulations and greater passenger expectations.  As the industry embraces technology, it is critical that all the stakeholders work together.

Dalibard added: “The challenge is clear: over the next 20 years, passenger traffic is forecasted to double, while airport capacity will only grow by 5%. This requires a new approach to air travel. We are already using emerging technologies, such as artificial intelligence, biometrics and SDN, to enable more efficient operations at airports and on aircraft, but we must continue to innovate with the industry to shape the future of air travel.” 

SITA has more than 400 members including airlines, airports, airport-based organizations, and air traffic management providers and is one of the most internationally diverse companies, serving more than 200 countries and territories.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Bell presents Turkish National Police with award

Bell Textron has announced the Turkish National Police were presented an award for “Outstanding Operational Readiness.” The force operates 14 Bell 429s for its safety and security missions. The fleet’s operational readiness is above

IATA and UNOCT sign MoU for countering terrorist travel programme

The International Air Transport Association (IATA) and The United Nations Office of Counter-Terrorism (UNOCT) have signed MoU to strengthen cooperation with the United Nations Countering Terrorist Travel Programme (CT Travel

Defence battles on

Military aviation in the MENA area has not been entirely unaffected by the Covid-19 pandemic.

Rolls-Royce tests tech set to power world's fastest all-electric plane

Rolls-Royce has completed testing of the ground-breaking technology that will power the world’s fastest all-electric plane.

Emirates to resume flights to Jo'burg, Cape Town, Durban, Harare and Mauritius

Emirates today announced it will resume flights to Johannesburg (1st October), Cape Town (1st October), Durban (4th October) in South Africa; Harare in Zimbabwe (1st October) and Mauritius (3rd October).

Dassault Aviation supports the Lebanese NGO Nawraj

To help Lebanon after the tragic explosion of August 4th, 2020 in the port of Beirut, and in response to the call for mobilisation launched by the President of the French Republic, Dassault Aviation has decided to sign an agreement to

AMAC Aerospace SK
See us at
MEBAA Show 2021 BTManama Air Power Symposium 2020Saudi International Airshow 2021World Defence Show 2022Global Aerospace Summit 2020Aviation MENA 2021