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New York City-based Star Jets International has booked an all time record $3,800,000 for the second quarter ended 30 June, 2022, a year-over-year increase of 59 per cent. For the first half of 2022, the company booked in excess of $9,300,000, a year-over-year increase of 89 per cent.
The company expects continued growth throughout the remainder of 2022. Sales increases are being driven by pent up demand due to Covid. In addition, the cost of fuel and the cancellation of commercial flights due to a pilot shortage increased the company's revenue as well. It sees its first-time passengers rapidly becoming repeat customers who continue to enjoy the new-found benefits of private air travel's convenience and luxury.
CEO Ricky Sitomer says: “We are proud to announce our record $9,300,000 revenue in the first half 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 seeing tremendous demand in Europe this summer. We look forward to our continued success and our hard work to serve our clients with all their private travel needs, and we look forward to building a fantastic company in the private aviation industry.”
In addition, the company has finished its audit for 2019, 2020 and 2021, and is working diligently to pursue an up-list onto the NASDAQ in the next few months.