The group has recorded the highest profit in its history and the outlook remains strong. Liquidity is at a record high and there is no long-term interest bearing debt on its balance sheet. Whilst Small Planet‘s revenue grew modestly from the year before (9.2%), its profit before tax reached €8.2m compared with €1.7m for the 2013 financial year. The pre-tax profit margin grew to 5.4% in 2014 from 1.3% for the prior year. The improved performance was achieved as a result of decisions to slow down on growth, focus on existing customers, and improve the quality of flight operations. Two legacy Boeing 737-300 aircraft were replaced by newer, more reliable and efficient Airbus A320 aircraft. Plus, one additional Airbus A320 aircraft was added as a dedicated standby unit, resulting in improved on-time performance and flight operations.
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Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
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AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada