RICKY SITOMER, CEO of Star Jets International, Inc. (OTCPink: JETR), Announces All-time Record First Quarter 2022 Revenue of $5,500,000, a Year over Year Increase in Revenue of 51%

Rhea-AI Summary

Star Jets International (OTCPink: JETR) reported record revenues of $5,500,000 for Q1 2022, a 51% increase year-over-year, driven by the ongoing demand for private air travel amid Covid-19 concerns and operational challenges in commercial flights. The company anticipates continued growth throughout 2022, with repeat customers enhancing revenue streams. Additionally, Star Jets has completed audits for 2019-2021 to facilitate a planned NASDAQ uplisting. CEO Ricky Sitomer expressed optimism about sustained demand and customer satisfaction in the private jet market.

Positive

• Record Q1 2022 revenue of $5,500,000, a 51% increase year-over-year.
• Growing demand for private air travel driven by health concerns and commercial flight cancellations.
• Rapid conversion of first-time passengers to repeat customers.

Negative

• None.

NEW YORK, May 17, 2022 (GLOBE NEWSWIRE) -- Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company has booked an all-time record $5,500,000 for the quarter ended March 31, 2022, a year over year increase of 51%. As predicted, 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. Health concerns related to Covid-19 continue to remain a reason for the uptick in private travel demand. In addition, the cost of fuel and the cancellation of commercial flights due to a pilot shortage have 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 $5,500,000 revenue in the First Quarter 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 starting to see an uptick in demand for Europe this summer. We look forward to our continued success and our hard work to serve our clients with all their private travel needs.”

In addition, the Company has finished its audit for 2019, 2020 and 2021, 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.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

FOR ADDITIONAL INFORMATION:

Ricky Sitomer
CEO
Star Jets International Inc.
Tower 57
135 East 57th Street 11th 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/55755df6-e210-4bf4-84f7-e49eca699c4d

 

FAQ

What are the latest revenue figures for Star Jets International (JETR)?

Star Jets International reported a record revenue of $5,500,000 for the first quarter of 2022.

What factors are driving the growth of JETR in 2022?

The growth is driven by increased demand for private air travel due to Covid-19 concerns and the cancellation of commercial flights.

Is Star Jets International planning to uplist to NASDAQ?

Yes, Star Jets has completed its audit for 2019-2021 and plans to uplist to NASDAQ in the coming months.

How much did JETR's revenue increase compared to the previous year?

JETR's revenue increased by 51% year-over-year for the first quarter of 2022.

Who is the CEO of Star Jets International (JETR)?

The CEO of Star Jets International is Ricky Sitomer.