Signature see profits climb backed by strength in market, parent company downgrade forecast

posted on 7th August 2018 by Omar

Due to a strong presence in the FBO market, Signature Flight Support posted a 3.3% increase in operating profit so far this year.

Although Signature posted a decent result in the FBO market, its parent company, BBA Aviation, lessened its 2018 growth outlook from “good” to “modest”.

BBA Aviation recently slid all the way down near the bottom of the FTSE 250 after a lack of demand for business jets in the US led to falling shares.

Argus reported earlier in the year that the business aviation industry suffered a 0.1% decline in activity towards the middle of this year. This seems to have worried investors in the market.