Skip to main content
See who owns your news
Published • loading... • Updated

Upper Crust owner sees drop in passengers in Middle East

Revenue rose 5% to £3.8 billion, but SSP said weaker passenger volumes in the Middle East and North America will trim full-year profit.

  • On Friday, SSP Group reported annual revenues of £3.8 billion, a 5% increase, though the company warned operating profit will reach around £230 million due to lower passenger numbers.
  • Strong trading over the peak summer period drove a 9% sales jump in the UK and Ireland during the fourth quarter, boosted by refurbished Marks and Spencer outlets.
  • Passenger volumes dropped sharply in the Middle East, EEME, APAC, and the Gulf, while the company also reported more subdued traveller numbers across North America.
  • CEO Patrick Coveney described the financial performance as "resilient" in a "challenging environment," noting that portfolio diversification helps navigate regional conflicts.
  • Operating franchised outlets for Starbucks, Burger King, and The Breakfast Club, the company aims to deliver group earnings per share in line with market expectations.
Insights by Ground AI

12 Articles

Evening StandardEvening Standard
+2 Reposted by 2 other sources
Center

Upper Crust owner sees sharp drop in passengers around Middle East travel hubs

SSP Group said its financial performance in recent months had been ‘resilient’ in a ‘challenging environment’.

·London, United Kingdom
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 75% of the sources are Center
75% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

The Moodie Davitt Report broke the news on Friday, October 9, 2026.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal