Today’s update highlights slower than expected trading within Air Partner’s Charter division in Q4, resulting in a shortfall against previous profit expectations. Visibility is always fairly limited and activity in the UK was impacted by the December General Election and resultant uncertainty, which now looks to have cleared. Adjusted PBT is expected to be £4.3m in FY20 (year ending 31st Jan), compared to our previous forecast of £5.5m and a prior year outturn of £5.8m. The outlook for FY21 is b ....
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Slower Q4 trading, confident of FY21 improvement
- Published:
22 Jan 2020 -
Author:
Greg Poulton -
Pages:
3
Today’s update highlights slower than expected trading within Air Partner’s Charter division in Q4, resulting in a shortfall against previous profit expectations. Visibility is always fairly limited and activity in the UK was impacted by the December General Election and resultant uncertainty, which now looks to have cleared. Adjusted PBT is expected to be £4.3m in FY20 (year ending 31st Jan), compared to our previous forecast of £5.5m and a prior year outturn of £5.8m. The outlook for FY21 is b ....