9th Sep 2019 09:51
(Alliance News) - Shares in Air Partner PLC jumped Monday after its interim results were "slightly stronger" than expected despite ongoing "challenging" conditions in the aviation market.
Shares in Air Partner were 7.1% higher at 83.00 pence in London on Monday.
For the six months ended July, the aviation services firm reported performance was "slightly stronger than expected" despite the "challenging" operating environment for the firm.
For the six months ended July 2018, Air Partner generated GBP2.6 million in pretax profit on revenue of GBP132.8 million.
As a result, Air Partner expects the profit split for the full year to be more evenly weighted between the first half and second half of the year. Nonetheless, the firm continues to expects full year performance in line with expectations.
"The global charter market is a volatile industry and, against this backdrop, the group manages the business for the long term," Air Partner said in a statement.
The firm added it "remains committed to Air Partner's strategy of alignment to the needs of its global customer base and continues to assess organic and acquisitive investment opportunities for the Charter and Consulting & Training divisions to enhance or extend their services."
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