Private Jet Card Comparisons - Know Before You Buy
Compare over 250 private jet card membership programs by 65 variables in 1 place
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 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.
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%.
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.