Asia leads the way for ACS in first quarter

13 / 06 / 2017

  • Justin Bowman

Air Charter Service has reported a "very strong" first three months of its fiscal year, with a 24% increase in revenue compared with the previous year.

The broker said its cargo business in the Asia Pacific region had led the improvement during its its first quarter, running to the end of April, with overall booking volumes up by 11% against last year.

Justin Bowman, group chief executive said: "We had a significant increase in terms of turnover and profit – both more than 20% up on the same time last year across our 20 offices.

“Our real star performers were our Far East offices, which have enjoyed a 72% increase in charter numbers since February 1, spread well across all three divisions, but they have been particularly busy on the cargo side.

"The ‘recovery’ region has been our CIS offices in Moscow, St Petersburg and Almaty, which seem to be putting recent economic troubles behind them with a 53% increase in volume over the period, buoyed by increased private jet demand."