gategroup renews key contracts

gategroup Holding AG is pleased to announce that it has reached agreement with American Airlines for the extension of important catering and provisioning business. Total revenue over the life of the extension is estimated to exceed CHF 100 million, a sizeable portion of gategroup’s global business with this airline partner. American Airlines is one of the Group’s top three customers in North America.

The agreement covers multiple domestic and international gateway locations, including a two-year extension of business at American Airlines’ Los Angeles hub. It also entails an extension of business at several Canadian locations and the renewal of American Eagle business at Dallas Fort Worth, with varying expiry dates. In addition, gategroup has been awarded business at several U.S. locations integral to the airline’s harmonization.

“We are delighted to have renewed this repeat business with American Airlines at key international hub markets, while also expanding our partnership to include additional business in strategic locations,” said Xavier Rossinyol, gategroup Chief Executive Officer. “We are proud of the long-term relationships built with our customers here at gategroup. The new simplified organization, with a strong focus on commercial development and financial discipline, is working. Two of the top three contracts in North America have been renewed in the last few months, significantly enhancing our core business. Our continued growth and success are directly linked to the commitment of our people, in this case our North American team, for which I am very grateful."

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Dagmara Robinson
Investor Relations & Corporate Communications
 

About gategroup

gategroup is the leading independent global provider of products, services and solutions related to a passenger’s onboard experience. For further information: www.gategroup.com

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