A combination of YOY boosts to charter flight volumes and group revenue, coupled with an already busy schedule of summer leases and increased consulting activity, sees a solid start to the year across the board for ACC Aviation. Last year was make or break for many in the aviation business - with aircraft and staffing capacity issues meeting renewed travel demand. At the same time, supply chain slowdowns caused havoc to maintenance schedules. Despite the turbulence, ACC enjoyed a brilliant year thanks to its diversified position.
This year, aircraft operators are keen not to repeat the issues of 2022. As a result, airlines are looking to shore up capacity for the summer season and beyond, well ahead of previous years. Consumer confidence has grown substantially, with bookings already being taken for Q4, allowing for a more predictable year ahead, and increased consulting transactions represent a market that is growing at pace.
Q1 charter activity included:
Charter Q2, 2023 outlook:
As confidence in the travel market grows, pre-pandemic booking patterns will likely return, with long-term bookings becoming commonplace. While issues linger, staffing shortages at airports will have a lesser impact compared to recent prior years. However, charter is set to remain a more desirable option for many travellers who have become accustomed to the convenience, reliability and service level offered.
Q1consulting activity included:
Consulting Q2, 2023 outlook:
As passenger confidence grows, airlines mitigate capacity issues with additional aircraft, and airports address staff shortages, optimism is the keyword for the coming year. Whilst there are economic and geopolitical challenges, the industry is firing on all cylinders, and this is driving continued demand for consulting services.
Q1 leasing activity included:
Leasing Q2, 2023 outlook:
A busy ACMI market is expected as airlines attempt to compensate for late aircraft deliveries, MRO issues and crew shortages. While the last-minute chaos of 2022 is likely behind us, expect consistent short-term ACMI demand throughout the summer season.
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