August 16, 2024
Magellan Jets gross revenue increased to $80 million in 2021, and the company is projecting $115 million this year.
Jet card revenue increased by 156%, with a 38% increase in new customers. That followed a 200% revenue increase or cards in 2020.
Sales of its pay-as-you-go Explorer and Premium memberships launched in June 2020 spiked 434%.
“Our growth and execution this year is a direct result of our seasoned staff and owner-operator partners working together to exceed customer expectations,” said Magellan Jets CEO Joshua Hebert.
He added, “The challenges we faced—unprecedented demand, ongoing pandemic, supply chain crisis—are the same problems facing the entire private aviation industry, but Magellan has been able to stand out and succeed by tailoring ourselves to customers’ needs and over-communicating every step of the way.”
“We knew it was important to keep customers apprised of the difficulties across the industry, set realistic expectations, and show what we were doing to mitigate disruptions and ensure they had the safest and most enjoyable experience possible,” said President Anthony Tivnan.
Magellan was named to Robb Report’s Best of the Best list last year for its Explorer membership.
In announcing the results, the company said, “Magellan not only kept all programs open but also actively onboarded new clients to all products while still maintaining a strict dedication to a historic Trip Perfection Rating—the percentage of trips flown with zero issues whatsoever—of nearly 100 percent.”
The company was a leader in using video messages to encourage customers to book flights early.
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