Air Charter Service revenue grows 24% in first quarter

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Air Charter Service CEO, Justin Bowman

Revenue at Air Charter Service (ACS) has grown 24 per cent in the first three months of 2017, with the Far East proving particularly strong, especially for cargo.

The company’s financial year starts on 1 February, and group chief executive officer Justin Bowman says the Far East offices were the star performers with a 72 per cent increase in charter numbers spread across all three divisions, but cargo was particularly busy.

He says: “The company’s accounts are published in sterling, so like most charter companies with an international presence, our financial results have been affected by the post-Brexit exchange rates.”

“Our volume of bookings increased by a very healthy 11% compared to 2016, and we feel that this figure is more indicative of how well the year has begun for us, in terms of market share.”

Bowman adds turnover and profit were both up more than 20 per cent across the 20 offices.