Air Charter Service reports $677m revenue for 2017

Air Charter Service has reported a revenue of $677m (£477m) for the financial year ending 31 January, a 39% increase on the previous year.

Across all divisions the company arranged almost 15,000 contracts in 2017, up from 12,500 the year before. The total number of passenger charters was up more than 20% to 8,618 over the year. And cargo flights increased by 11%, to 4,300 contracts arranged across 2017. The company revamped its onboard courier division two years ago and that also enjoyed a good year, increasing job numbers by 52% to 1,670.

Group CEO Justin Bowman added: “Our cargo figure of £213m ($300m) was somewhat boosted by charters related to the hurricanes in the Caribbean and the southern States of America, along with other one off contracts, but underlying growth is still impressive.

“Another pleasing aspect was the fact that the growth was spread across the world with 14 out of our 20 worldwide offices experiencing at least double digit growth, with our European, American and Far Eastern offices proving to be the star performers.”