Air Partner posts first-half 2019 results

Darren Wood
By Darren Wood October 8, 2019 10:35

Air Partner posts first-half 2019 results

Air Partner has announced its gross profit was £17.2 million for the first six months of 2019.

The group announced that its underlying profit before tax stood at £3 million, a 29.5% year-on-year decrease from the £4.2 million experienced during the same period of 2018, reflecting what the company has said is “investment in overheads for future growth”.

During the first half of 2019, the company saw its statutory profit before tax increase by 6.8% to £2.8 million.

Commenting on the results, Mark Briffa, CEO of Air Partner, said: “I am pleased to report on a solid first-half performance, despite a challenging operating environment.

“It is clear from these results that our strategy to diversify by revenue stream and geography is working, with consulting & training compensating for slower trading in our Group Charter division.

“Additionally, our earlier investments in the US are showing good results, with Private Jets trading particularly well in the period. We are pleased with the return we are generating on our organic growth initiatives and believe there is plenty of headroom for further growth too.

“We continue to invest in new offices, people and processes to increase market share in all our geographies. I am confident that we have the right platform in place to achieve our stated strategy to become a world-class aviation services group.”

Darren Wood
By Darren Wood October 8, 2019 10:35