The U.K.-based company sells on-demand charter and jet cards in the U.S. and Europe
Publicly traded Air Partner, which sells on-demand charters and jet cards in Europe and the U.S., has provided another update on its business.
It turns out, the strong results are continuing.
In its fourth COVID-19 Coronavirus update, the publicly traded private jet charter and jet card broker said strong cargo and corporate shuttle business is putting it ahead of targets
Strong group and cargo charter business in May following record trading in April has pushed Air Charter PLC to an underlying profit before tax of £7.5 million for the first four months of its financial year. The company described the results as “well ahead” of budget.
Jet card and on-demand private jet broker Air Partner says inquiries are for travel through August
A day after Sentient Jet reported quote requests had increased 241% from March lows, private jet charter broker Air Partner says it too is seeing a tidal wave of interest.
The publicly traded seller of jet cards and on-demand charter said in a press release issued this morning that year-over-year inquiries were up 210%.
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%.
“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.