The sharp rebound in air travel and tourism has benefitted many players. Earlier last month, Singapore Airlines Limited (SGX: C6L) reported a sparkling set of results as demand for air travel remained robust. Now, SATS Ltd (SGX: S58) has also delivered a pleasing set of financial numbers in its latest business update for its third quarter of fiscal 2024 (3Q FY2024). The ground handler cum food caterer served up a healthy set of financial and operating numbers as it enjoys the uplift from the surge in flights. Here are five things investors need to know about its latest 3Q FY2024 business update.

1. A surge in core net profit with positive free cash flow

For 3Q FY2024, SATS saw revenue more than double year on year to S$1.4 billion on the back of the aviation recovery as well as the consolidation of Worldwide Flight Services (WFS). The group generated an operating profit of S$85.8 million for the quarter,...