Air Charter Service Reports 35% Revenue Growth in First Quarter
Air Charter Service (ACS) has announced a significant 35% increase in revenue for the first quarter of 2024, reaching £250 million. This performance is measured against the same period in 2019, establishing a new pre-pandemic benchmark for the company. CEO Justin Bowman noted that the market is stabilizing and returning to more normal seasonal trends after post-pandemic volatility. The growth was driven by winning new clients and increasing market share across its cargo, private jet, and group travel divisions. The company also recorded a 5% increase in the number of charters arranged during the quarter.
Official Source: https://www.stattimes.com/air-cargo/air-charter-service-reports-35-revenue-growth-in-q1-1359091