H1 profits reported by Air Partner

Air Partner, the global aviation services group, has posted a gross profit of £27.7 million for the six months to 31 July 2020 – an increase of 61% compared to the same period in 2019. The company states that this increase was due to exceptional levels of trading from COVID-19 related work. Air Partner’s underlying profit before tax of £10.5 million, a year-on-year increase of £7.5 million, driven by strong trading and swift cost saving measures in the early stages of pandemic. Statutory profit before tax was £8.9 million after reorganisation costs and amortisation of acquired intangibles The company attributes