UK-based broker Air Charter Service recorded sales of $770 million for the first six months of its financial year (1 February-31 July 31), an increase of 49% on the same period last year.
ACS founder and chairman, Chris Leach, commented: “Last year was our record year, with revenue of $1.8 billion, but at the halfway point we weren’t in as good shape as we are for this one. All three divisions of cargo, private jets and group travel have truly outdone themselves.
“The cargo industry remains strong with our cargo division generating 44% more revenue than at the halfway point of 2021, as supply chains continue to struggle. We expect a cooling of the market at some point and there are signs of it in certain regional markets and sectors. However, as of September, we have not seen that translate to a slowdown of our overall cargo business.”