Boeing 737 groundings hit SSP Group; Q3 revenues rise 9%
Travel food operator SSP Group said third quarter revenue rose 9.2% on a constant currency basis, but added that some of its airports had been impacted by the grounding of Boeing Max 737 aircraft and the transfer of passengers away from its terminals.
In the UK, like-for-like sales growth was in line with expectations, with stronger like-for-like sales growth in the air sector compared to rail.
Continental Europen like-for-like sales continued to be held back by slower passenger growth in the Nordic countries and the impact of airport redevelopment activity in the region and Spain.
SSP said like for like sales growth in the rest of the world was mixed, with good performances in Egypt and the Middle East slightly offset by the cessation of operations at Jet Airways in India and slower growth in China.
“Looking forward to the rest of the year, we anticipate like-for-like sales growth for the Group to be around 2%,” the company said in a trading statement.