Profits up at Royal Jet
Royal Jet has reported a 226 per cent increase in net profits for 2011 when compared to 2010.
Revenues increased by 31.2 per cent from the previous year at the private airline.
The record performance followed a program of organisational realignment that propelled the international luxury flight services company to its best-ever result in its eight-year history and sixth consecutive year of profitability.
The company is chaired by His Excellency Sheikh Hamdan Bin Mubarak Al Nahyan.
“I am delighted to report that 2011 was the most successful year ever for Royal Jet and by a considerable margin - both operationally and financially,” said Shane O’Hare, chief executive of Royal Jet.
Royal Jet president Shane O’Hare, centre right, celebrates with WTA founder Graham Cooke in Qatar
O’Hare added: “As we examined every aspect of our operations and made changes where we felt improvement was possible, we were able to align more closely our commercial, operational and corporate activities to become more agile in line with market needs.
“We implemented an aggressive and well-segmented sales plan featuring a new and sophisticated yield management program to provide our highest ever return on revenue block hours.
“That plan, allied to the operational streamlining process, led to a significant gain in productivity and a reduction in costs. Simultaneously, we were able to focus on delivering better VIP customer service, further raising the benchmark for which we have been recognized worldwide.
“This earned us the ‘World’s Leading Private Jet’ award for an unprecedented fifth year in a row at the prestigious World Travel Awards,” O’Hare added.
Royal Jet recorded significant improvements across its brokerage, Medevac, aircraft management and Fixed Base Operations (FBO) business units. The brokerage team recorded an increase in gross revenue by 53 per cent and the Medevac team delivered a 65 per cent increase in revenue from 192 missions involving 309 patients.
Royal Jet is considered the World’s Leading Private Jet Charter by the World Travel Awards.