“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.
The originator of the jet card already offers fixed rates in Europe for U.S. customers
During the Corporate Jet Investor conference taking place this week in London, Boston-based Sentient Jet offered a tweet hinting at something.
It read, “Sentient Jet in Europe? Hmm…”
So is Sentient Jet planning to launch a jet card for customers in Europe?
The U.K. publicly traded aviation provider says results have been “slightly stronger than anticipated”
Air Partner plc, said despite what it described as a challenging operating environment across the global aviation industry, “Air Partner’s first-half performance has been slightly stronger than expected.” The statement covered the six months ending July 31, 2019.
The publicly traded U.K. company sells jet cards and
on-demand charter with fixed rate programs in both the U.S. and Europe
Stock analyst Liberum Capital restated its buy rating on
shares of Air Partner (LON:AIR) in a research note published last Thursday,
according to several reports.
Shares of Air Partner stock opened at GBX 89.40 ($1.17) on
Air Partner has a 12 month low of GBX 71.40 ($0.93) and a 12
month high of GBX 129 ($1.69). The stock has a market cap of $46.39 million and
a P/E ratio of 17.19. The company has a debt-to-equity ratio of 21.28, a
current ratio of 1.06 and a quick ratio of 0.80, according to Liberum.