Air Partner is the latest jet card seller to restructure its program, extending the booking lead time to 72 hours, raising some rates, and imposing a holiday blackout for fixed-rate pricing
U.K.-based Air Partner is advising U.S. clients that the non-peak booking window for both its American and European fixed-rate jet cards is moving from 24 hours to 72 hours, effective on Nov. 6, 2021.
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.
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.
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%.