Air Charter Service has reported revenues of US$1.34 billion for its financial year ending January 31, marking a 10.3 percent increase year on year and reinforcing its position as the world’s largest aircraft charter broker.
The growth was driven largely by strong performance in the private jet segment, where revenues rose by 19.1 percent. The company said expansion of its Jet Card programme and broader service demand supported the division’s performance, while its helicopter business also recorded significant progress with revenue up 44 percent compared with the previous year.
Across the group, charter activity increased in all divisions, including cargo, private jets, group travel, leasing and time critical services. The cargo charter segment recorded modest growth, outperforming industry averages despite market uncertainty. Meanwhile, the time critical division delivered exceptional results, with revenues up 76 percent and job volumes rising sharply, supported by growth in onboard courier and next flight out services.
Group charter operations also posted a record year, achieving major milestones including long haul charter flights and high profile projects such as operating the largest aircraft to land in Antarctica. The ACMI and leasing division delivered the strongest growth overall, with turnover surging by 168 percent.
The company also expanded its global footprint with six new offices opened during the year, including its first locations in Saudi Arabia and Italy. Investments in technology and operational efficiencies contributed to a 33 percent increase in EBITDA, highlighting improved profitability.
