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 organization, 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.”