Air Partner flies COVID-19 relief charters to 173% profit gain

blue and yellow graph on stock market monitor

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.

COVID-19 Private Jet Trends: More pets, kids, and shorter booking windows

PrivateFly

COVID-19 is not only driving new customers, but more pets, kids and shorter lead times for private jet charter bookings, according to PrivateFly

More new customers, more pets, more kids, and shorter lead times for booking private jet charters. The COVID-19 pandemic has had a major impact on who and where for the private jet market, according to PrivateFly’s annual Private Jet Charter Trends 2020 report.

Global private jet travel has rebounded to 80% of pre-COVID-19 levels in July

private jet charter

Despite the increase from 70% to 80% of 2019 activity from June to July, the U.S. recovery is hitting headwinds due to Coronavirus related closures

In the world of private aviation or business aviation, as it is often called, most veterans will tell you, “If things are going great, wait a day or two.”

That may or may not be the case, however, aviation analyst WingX says as Europe’s rebound is getting more pronounced, the U.S. is hitting headwinds.

Private jet flights drop 80% in April from COVID-19 Coronavirus impact

WingX private jet travel trends

Researcher WingX projects business aviation to remain at low levels through month’s end

Just over 26,000 business jet flights operated worldwide in the first two weeks of April 2020, 79% below the same period in 2019, according to WingX’s Global Market Tracker.

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