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New York City-based Star Jets International has booked an all time record $5,500,000 for the quarter ended 31 March, 2022. This represents a year-on-year increase of 51 per cent, and the company expects continued growth throughout the remainder of 2022.
Health concerns related to Covid-19 continue to remain a reason for the uptick in private travel demand. In addition, the cost of fuel and the cancellation of commercial flights due to a pilot shortage have increased its revenue as well. The company sees its first time passengers rapidly becoming repeat customers, who enjoy the new found benefits of the convenience and luxury of private air travel.
CEO Ricky Sitomer says: “We are proud to announce our record $5,500,000 revenue in the first quarter of 2022 and our continued growth in the private jet industry. The demand for private jets is skyrocketing, and we expect that demand to continue to grow for many years to come. Many travellers who have been sitting on the sidelines, who have now received the Covid vaccine, are looking to get away after being cooped up for so long. We are starting to see an uptick in demand for Europe this summer. We look forward to our continued success and our hard work to serve our clients with all their private travel needs.”
The company has finished its audit for 2019, 2020 and 2021 in order to pursue an up-list onto the NASDAQ in the next few months.