ACS breaks revenue records and contract numbers hit new highs

Air Charter Service CEO, Justin Bowman

Air Charter Service (ACS) has had a record quarter with revenue of more than £144 million ($190 million), with charter numbers hitting new highs.

The revenue was up 50 per cent on the same period of August to October in 2016, with a record 4,279 contracts in three months.

Group chief executive officer, Justin Bowman says there has been a marked increase across ACS’s main divisions of cargo, private jets and commercial aircraft, as well as a record performance by the on board courier team.

He says figures have been slightly inflated due to its work in the US and the Caribbean following the hurricanes, for which it arranged more than 150 charters, both passenger evacuations and humanitarian aid.

Bowman says: “Even taking these aside, to arrange more than 4,000 contracts is equivalent to averaging almost two every hour of every day over the last three months.”

“And to reach £144 million in one quarter, which is equivalent to almost $190 million, is as remarkable, and another massive step in the direction of our next goal, which is to become a billion dollar company.”

He continues: “This outstanding quarter – combined with a record first half performance of 35 per cent growth in revenue and 17 per cent increase in charter numbers – means that we surpassed our total revenue for last year part-way through October, with more than three and a half months of our financial year left. This is an amazing achievement by our team around the world.”

Bowman promises the next year will be very exciting for ACS, saying: “We are looking to open a number of new offices over the next 18 months, so watch this space.”