Saudi Catering expects coronavirus preventive measures to impact revenues, cash flows

Saudi Airlines Catering Co. (SACC) announced that the precautionary measures taken by the authorities in the Kingdom to prevent the spread of coronavirus may impact its expected financial revenues, as well as its cash flow levels.

The company said in a statement to Tadawul that the measures have directly affected the air traffic movement to and from the Kingdom, and therefore impacted all other associated services as well.

SACC noted that it is currently not possible to accurately assess the relevant financial impact, adding that any updates will be announced in due course.