ACS reports 'stunning' half year performance

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UK-headquartered Air Charter Service (ACS) has revealed the company's half year results for the six months ending 31 July 2018, which show revenue is up 23 per cent from $253 million to $312 million.

CEO Justin Bowman comments: "We have had a stunning first six months of the financial year with record numbers across the board. This is especially good when you take into consideration that last year's figures were beyond our most optimistic projections and that they were boosted by a number of one-off events.

"Our private jets division is still the largest part of the business and saw a 32 per cent increase in revenue in the first six months of the year. Our commercial jets division also showed solid growth, with a 25 per cent jump in revenue.

"Our involvement in the FIFA World Cup has particularly helped with the commercial jet figures, but all divisions won contracts in relation to the tournament. In total we arranged more than 300 contracts for the World Cup. We flew everything from team kits, to tens of thousands of football fans, plus many of the teams themselves. Our Russian offices played a huge part in enabling us to win so much business over June and July."

He concludes: "As of the turn-of-the-year accounts we have been able to say that ACS is now the largest charter brokerage in the world and we are delighted that we are building solidly on that. We have opened offices in Manhattan and San Francisco in the first half of the year and will be announcing another new office in the coming weeks.

"There is an exciting second half of the year in store here with some brilliant new technologies that we are working on as well as a focus on further improvements in customer service."