TraWell Co. Secures Contract at Palermo Airport

Rhea-AI Summary

TraWell Co. (TWL), a global leader in baggage protection services, announced that it has secured a contract to provide baggage protection services at Palermo Airport, one of Southern Italy's main air transport hubs. Located 35 km west of Palermo, the airport serves as a key access point for western Sicily. Palermo Airport handled over 8 million passengers in 2023, a 12% increase from the previous year, driven by the rise in international routes and post-pandemic tourism recovery. Major carriers operating at the airport include Alitalia, Ryanair, easyJet, and Volotea, offering connections to major European and Italian cities.

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• TraWell Co. secured a contract at Palermo Airport, a major air transport hub in Southern Italy.
• Palermo Airport handled over 8 million passengers in 2023, a 12% increase from the previous year.

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• None.

MILAN--(BUSINESS WIRE)-- TraWell Co. S.p.A. (Borsa Italiana, Ticker: TWL), a global leader in baggage protection services, baggage storage, and ancillary products and services (including the Lost Luggage Concierge service provided by Sostravel.com), announces that it has secured the contract for providing baggage protection services at Palermo Airport.

Falcone and Borsellino Airport in Palermo is one of the main air transport hubs in Southern Italy. Located about 35 km west of the city of Palermo, the airport serves as an important access point for western Sicily.

In 2023, Palermo Airport handled over 8 million passengers, marking a 12% increase from the previous year. This growth is attributable to the increase in international routes and the post-pandemic tourism recovery. The main carriers include Alitalia, Ryanair, easyJet, and Volotea, with direct connections to major European and Italian cities.

About TraWell Co. TraWell Co. is the global leader in baggage protection services, baggage storage, and ancillary products and services (including the Lost Luggage Concierge service for lost luggage provided by Sostravel.com). Listed on Euronext Growth Milan (ticker: BIT) and OTCQX New York (ticker: TRWAF), with this new concession, the TraWell Co. network rises to 130 stores in 45 airports across 13 countries, with over 200 employees and 4 million customers served worldwide. TraWell Co. offers a unique exposure to a portfolio of commercial activities and traveler services. With 25 years of experience, TraWell benefits from the growth of the air travel sector and the expenditure on wellness and security services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240704486713/en/

Investor Relations

TraWell Co. S.p.A

investor.relations@trawellco.com

Tel: +39 0331 777154

Source: TraWell Co. S.p.A.

FAQ

What recent contract did TraWell Co. secure?

TraWell Co. secured a contract to provide baggage protection services at Palermo Airport.

Where is Palermo Airport located?

Palermo Airport is located about 35 km west of the city of Palermo in Southern Italy.

How many passengers did Palermo Airport handle in 2023?

In 2023, Palermo Airport handled over 8 million passengers.

What was the passenger growth rate at Palermo Airport in 2023?

The passenger growth rate at Palermo Airport in 2023 was 12% compared to the previous year.

Which major carriers operate at Palermo Airport?

Major carriers at Palermo Airport include Alitalia, Ryanair, easyJet, and Volotea.