ACS posts record-breaking Q1 cargo numbers

posted on 29th May 2018 by Justin Burns
ACS posts record-breaking Q1 cargo numbers

Air Charter Service has announced that the first quarter (Q1) of its financial year was a record for the company – and was particularly good for its cargo division.

The company’s group cargo director, Dan Morgan-Evans (pictured) said in Q1 of this year ACS saw a 33 per cent increase in cargo charter numbers on the previous year and arranged 1,048 contracts, compared to 790 during the same period last year.

He added that the turnover for the cargo division was also up by a very respectable 12 per cent, to £41.5 million ($56.4 million).

Morgan-Evans continued: “When you bear in mind that 2017 was our record year across all divisions and exceeded even our wildest expectations, the growth shown so far this year is even more remarkable. The other thing to note is that February to April is the quietest quarter for much of the industry, with cargo charters often half their autumn and winter peaks.

“Our onboard courier department also continues to flourish since its restructuring three years ago. Bookings were up 10% year on year, averaging more than 150 jobs every month and revenue grew by 8%. The German headquarters of the division is moving into new offices in Frankfurt next month to allow the team to grow further.

“All departments experienced double digit growth in both charter numbers and revenue, with group turnover topping £100 million for the three month period.”