Air Charter Services (ACS) said it reported a “buoyant” first financial quarter for 2025, particularly on the private jet business where revenues increased 19.2%, the company said in a quarterly update.
“We've been fortunate enough to acquire a number of low value, high volume contracts, with multiple daily flights on different continents,” said ACS founder and chairman Chris Leach. “These have massively inflated our total private jet charter numbers, making them incomparable to the same period last year. However, if you take these contracts out, our underlying flight numbers have still increased by 13.3%, which is particularly pleasing when compared to the industry average, which only saw small growth over the first quarter of the year.”
He added: “Whilst private jets saw the strongest growth, our other divisions of cargo and group charter also had healthy increases in revenue, leaving the group up 8%, to $280 million, on February-April 2024.”