May 2 - Air Charter Service (ACS) has reported a strong 2016, with an 8 percent increase in revenue, totalling GBP342 million (USD441.8 million) in the year ending January 31, 2017.
Justin Bowman, ceo, said: "We arranged almost 12,500 contracts in 2016 and generated revenue of GBP342 million (USD441.8 million) - pleasingly the strong growth was evenly spread across our 20 offices worldwide, there was even an upturn in our Russian offices' fortunes, following recent economic troubles in the region.
"In the previous financial year we did a lot of high turnover, large aircraft business around the US West Coast port strike in early 2015, which slightly skewed our Cargo department's figures. 2016 saw no 'exceptional events' and, due to this, our cargo department suffered a slight drop in terms of turnover, however underlying revenue increased by 5 percent. Volumes were also up - an increase of more than 6 percent in cargo charter contracts.
"We are extremely confident about this current year and beyond and that our growth will continue. Despite the various worldwide political instabilities, and unknown challenges, currently things are looking good."