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Transport

Air Partner sees profit ‘materially’ above market view, boosted by transport of vaccines

The aviation services group said its cash position remains strong with net cash of £12.9mln at the end of December

Air Partner (LSE:AIR) PLC, the global aviation services group, said it expects underlying pre-tax profit for the year to 31 January 2022 to be “materially” ahead of the current market consensus, following strong customer demand in December.

The company said its performance in December had again been driven by high levels of freight bookings, notably for the continued transportation of vaccines.

Air Partner (LSE:AIR) said its cash position remains strong with net cash of £12.9mln at the end of December, up from £9.8mln at end-July.

Shares rose 5.81% to 91p in early trade.

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