Air Partner dives as profits plunge

Air Partner, an aircraft charter broker, saw full year revenues and profits drop, which it blamed on a tough economic environment and going up against good numbers in the corresponding period of the previous year.

Air Partner, an aircraft charter broker, saw full year revenues and profits drop, which it blamed on a tough economic environment and going up against good numbers in the corresponding period of the previous year.

Revenues for the year ending July 31st 2012 were down 19.3% at £227.6m from £281.9m the year before, with reported pre-tax profits dropping 22.6% to £4.1m from £5.3m. Underlying profit before tax, which excludes non-trading items, slumped 43.9% to £3.2m from £6.7m the previous year.

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