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.
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%.
To help you quickly review the various policies and protocols implemented by private aviation providers selling jet cards and memberships, we’ve created a single page overview you can find here.
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.
“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.