Hurricane response helps boost ACS Q3 revenues
21 / 11 / 2017
Broker Air Charter Service (ACS) saw revenues increase by 50% in the third quarter of the year, with growth across its three main divisions.
The company reported total revenues of £144m for the third quarter with company growth and the response to hurricanes boosting performance.
ACS group chief executive Justin Bowman said: "We saw marked increases across our three main divisions of cargo, private jets and commercial aircraft, as well as record performance by our onboard courier team.
"Figures have been slightly inflated by our work in relation to the hurricanes in the US and the Caribbean, for which we arranged more than 150 charters, both passenger evacuations and humanitarian aid."
Bowman added that taking aside the hurricane efforts, the company still arranged more than 4,000 contracts - the equivalent to averaging almost two every hour of every day over the last three months.
"And to reach £144m in one quarter, which is equivalent to almost $190m, is as remarkable, and another massive step in the direction of our next goal, which is to become a billion dollar company," he added.
The latest results – combined with a record first-half performance of 35% growth in revenue and 17% increase in charter numbers – means that the company surpassed total revenue for last year part-way through October.
“Next year will be an exciting one at ACS. We are looking to open a number of new offices over the next 18 months," said Bowman.
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