CANACCORD GENUITY NOTE: AIR PARTNER (AIR LSE) – STRONG PROFIT PERFORMANCE CONTINUES

Analyst Gert Zonneveld said: “The Group performed significantly ahead of budget in June and expects underlying PBT for the period Feb-June 2020 to be at least £10m. In a previous note, which contained a cautious and an optimistic scenario, we had forecast an underlying PBT range of £8.5m to £10m for H1 FY2021, and a range of £9.5m to £12.5m for FY 2021. Based on the progress reported to date, we believe the Group is well on its way to achieve, or possibly exceed, these numbers and deliver record results

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‘The support given by BBGA was crucial to the eventual successful outcome’
TAG Farnborough Airport
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