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Air Partner’s unaudited results for the first six months of its 2022 financial year revealed a spike in jet card sales. However, that was offset by a return of group and freight charters to “normalized” levels.
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.
U.K.-based Air Partner has ridden a COVID-19 boom in group charters and freight to record profits for the first half of its financial year, according to unaudited results released ahead of the trading day this morning in London.