SES: No Covid-19 impact in Q2, some expected in H2; 4 more Boeing satellites for O3b mPower constellation

by Peter B. de Selding

PARIS — Satellite fleet operator SES reported zero effect of the Covid-19 pandemic on its airline and maritime mobility business in the three months ending June 30 as contracts signed in 2019 took effect.

But the company acknowledged that the sharp drop in air travel and in the maritime cruise market is forcing SES customers in those markets to seek contract modifications that will take effect later this year.

Luxembourg-based SES lowered its 2020 revenue forecast by 4%, and its EBITDA forecast by 3.4%, to . . .

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