Ricky Sitomer, CEO of Star Jets International, Inc. (JETR), Announces All-time Record First Half 2022 Revenue of $9,300,000, a Year-over-Year Increase in Revenue of 86%

Rhea-AI Summary

Star Jets International (OTCPink: JETR) reported a record revenue of $3.8 million for Q2 2022, up 59% year-over-year, with a total of $9.3 million for the first half of the year, representing an 89% increase. The growth is fueled by pent-up demand for private air travel post-COVID, rising fuel costs, and cancellations of commercial flights. The company aims for continued growth and plans to pursue a NASDAQ up-listing following the completion of audits for 2019 to 2021.

Positive

• Record Q2 2022 revenue of $3.8 million, a 59% increase.
• First half 2022 revenue of $9.3 million, an 89% increase year-over-year.
• Strong demand for private air travel driven by post-COVID recovery.
• Plans for up-listing to NASDAQ after completing audits.

Negative

• None.

NEW YORK, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company booked an all-time record $3,800,000 for the second quarter ended June 30, 2022, a year-over-year increase of 59%. For the first half of 2022, the Company booked in excess of $9,300,000, a year-over-year increase of 89%. The Company continues with its tremendous growth trend as the demand for private air travel shows no signs of slowing down.

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 JETR’s revenue as well. The Company sees its first-time passengers rapidly becoming repeat customers to enjoy their new-found benefits of the convenience and luxury in private air travel.

Ricky Sitomer, CEO of JETR stated, “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 travelers 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.

Please visit www.starjetsinternational.com for more information, Company updates or to book travel with Star Jets International, Inc.

About Star Jets International, Inc. (OTCPink: JETR)

Star Jets International, Inc. (OTCPink: JETR) offers its customers all the advantages of owning a corporate jet, without the burdens associated with ownership. This includes unprecedented flexibility through access to over 5,000 private jets domestically and 15,000 private jets worldwide. Star Jets executives have nearly 20 years of experience in aviation and marketing, http://starjetsinternational.com/ and https://private-jet-charter-flight.com/. Watch Star Jets International “You Tube” video - https://www.youtube.com/channel/UCJZK4vvDiMNlXE-7g-s11OQ and watch two CNBC Commercials about the Company- https://wave.evolphin.com/EVyy7j#.

For more information about this press release and Star Jets International, Inc., contact Ricky Sitomer at (917) 331-5152.

“ANY JET. ANY TIME. ANYWHERE.”

Contact:
Ricky Sitomer, CEO
Star Jets International Inc.
Tower 57
135 East 57th Street 16th Floor
New York, NY 10022
Mobile: 917-331-5152
Phone: 855-9-FLYJETS
Fax: 212-658-9810
RS@STARJETSINTL.COM
www.starjetsintl.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4e99b64-1dce-403a-a0ab-e58b0d3ac0c6

FAQ

What were the revenue numbers for JETR in Q2 2022?

Star Jets International (OTCPink: JETR) reported a revenue of $3.8 million for Q2 2022.

How much did JETR earn in the first half of 2022?

In the first half of 2022, JETR earned over $9.3 million.

What is driving the revenue growth for JETR?

Revenue growth for JETR is driven by pent-up demand for private travel due to COVID, fuel cost increases, and commercial flight cancellations.

Is JETR planning to list on NASDAQ?

Yes, JETR plans to pursue an up-listing on NASDAQ after completing its audits for 2019, 2020, and 2021.