Air Partner plc profits dip despite 42.5% rise in U.S. private jet charter and jet card sales

Air Partner finances

Full-year gross profit fell 3.7% to £34.2m for the global aviation services group

Global aviation services provider Air Partner said its full-year sales and profits declined for the period ending Jan. 31, 2020.

Gross profit was down 3.7% to £34.2 million compared to £35.5 million for the previous year. On a like for like basis, adjusting for constant exchange and acquisitions, profits declined 5.3%.

COVID-19 Freight and Group Charter drive Air Partner Q1 profits

Air Partner hurricane evacuation planning

“Very weak” private jet charters expected to see “some improvement” in the second quarter

U.K.-based Air Partner offered its third COVID-19 Coronavirus update this morning with news of a £6m profit before tax covering February, March, and April, its fiscal first quarter.

On the news, its stock (LON: AIR) was trading at GBX 49.40 midday in London, down from its 52-week high GBX 102.90, but up considerably from a low last month of just GBX 15.33.

Air Partner provides new investor update

Air Partner

U.S. private jet charters are holding up better than Europe

Air Partner says cargo and repatriation charters are helping offset drops in private jet charter and jet card revenues

Private jet charter, jet card broker and aviation services provider Air Partner provided an update on trading this morning. It covers its new financial year which began February 1, 2020.

Air Partner updates shareholders on Coronavirus COVID-19 actions and impacts

Air Partner

The private jet charter broker and jet card provider provided a wide view of its varied business units

Private jet charter and jet card broker Air Partner, which offers extensive aviation services beyond private flying, updated shareholders earlier today on its approach to the Coronavirus COVID-19 pandemic, including protective actions being taken, current sales and pipeline.

Air Partner adds flexibility to its flexible JetCard program

Air Partner

When it comes to rules, for Air Partner, jet cards are meant to be customized

Private jet travel is just 18% of Air Partner’s diversified business, which includes large group charter, cargo, and aviation safety-related consulting

Air Partner recently completed a complex Coronavirus emergency evacuation flight from Japan to the U.K.

U.K.-based Air Partner has long had one of the better jet card programs, or as it calls it, JetCard. That’s based on the published rules. But, that’s not where it ends.

But before we look at what’s off the menu, let’s quickly recap its North America-based program as is.

A flexible jet card

The starting point to buy is just 10 hours, compared to 25 hours for many providers.

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