Air Partner provides an update on finances

Air Partner

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.

Air Partner says the company was “well ahead” of budget in May

Air Partner

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.

Memorial Day weekend fractional and charter private jet flights surged to 58% of 2019 levels

While airline passenger counts stayed at just 12% of last year’s holiday weekend, the private jet travel rebound continued

From the Wednesday prior to Memorial Day through Tuesday, the number of passengers who passed through TSA checkpoints hovered at just 12% of 2019 levels.

During the same period, fractional and charter operator flights surged to 58% of 2019 levels, continuing an upward trek. The data from Argus affirmed the rebound for private jet operators, which just last month had seen flying drop to just 20% of last year’s level as the Covid-19 stay-at-home orders ground travel to a virtual halt.

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%.

Private Jet emergency planning for the hurricane season more crucial in COVID-19 world

Air Partner

Private jet charter and jet card broker Air Partner is launching a customizable Hurricane Evacuation Program

From the frying pan, and into the fire. Despite the continuing COVID-19 Coronavirus pandemic, residents along the coasts have to start worrying about hurricane season.

With the dramatic decrease in airline schedules, getting out of the way in case a hurricane is headed your way is set to become even more difficult.

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