Swissport International achieved revenue of CHF 1.9 billion ($2 billion) last year, a 10-percent year-over-year increase.
While tonnage decreased by 6 percent when compared to 2011, turnaround frequencies were up by 7 percent.
Officials pointed to larger contracts at Paris Charles de Gaulle, London-Gatwick and other European airports as the main drivers of the revenue increase. Swissport also spent much of 2012 expanding its presence in Africa.
Last year, Swissport also acquired Flightcare operations in Spain and Belgium, and took over Finland-based Inter Handling.
“The overall group’s results for 2012 demonstrate that our resilient business model is working well in very challenging market conditions,” Swissport’s Chief Executive Officer Per H. Utnegaard, said in a statement. “I am very proud that we were able to grow double-digit despite an overall decline in the market, and I am confident that we can further increase our market shares in the future.” - Jon Ross