Air Partner says 2021 is off to a strong start, re-affirms record performance

Air Partner

Air Partner’s underlying profit before tax for the year ended Jan. 31 increased 176% to £11.6m

Air Partner’s full-year profit for the year ended January 31 increased to £11.6m from £4.2m, a gain of 176%, according to its audited financials released this morning in London. It had provided guidance to the news in February. Gross transaction value increased 16% to £274.8 million.

Air Partner flies COVID-19 relief charters to 173% profit gain

blue and yellow graph on stock market monitor

Analyst Canaccord Genuity restores “buy” recommendation for Air Partner

Air Partner said it is announcing today an update to shareholders, including details of its dividend policy. The move reaffirms its previously reported update from January. That called for a profit before tax of no less than £11.5 million for the year ended 31 January 2021. That compares to £4.2 million from the previous year, a 173% gain.

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

“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.

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