Aviation industry transformation reflected…
✈️ SITA's 2024 revenue grew 8.3% to $1.6 billion, driven by strong performance across Airports, Borders, and Aircraft sectors. Global IT spending in air transport is estimated to reach $37 billion in 2024. Noteworthy acquisitions included Materna IPS and ASISTIM, while SmartSea expanded the portfolio to cruise and rail. CEO David Lavorel emphasizes the need for efficiency and sustainability as air traffic is set to grow 7% between 2025-2027, with investments in AI and digital innovations.
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