Story ID: 
XOJet Boosts Charter Earnings and Sales
By: Charles Alcock
Caption: The 10-year-old on-demand charter provider also is investing in fleet refurbishment and improvements to its digital platforms.
Word Count: 195
On-demand charter provider XOJet today reported further improvements in financial performance, with earnings before interest, tax, depreciation and amortization (EBITDA) climbing 41 percent in 2015. The San Francisco-based firm also reported new program sales increasing by 14 percent last year, as well as a 4 percent boost in retail charter sales and 10 percent growth in bookings for its partner operators.

The privately owned group’s EBITDA figures do not take account of the capital cost of the aircraft it owns, but do include the cost of leased aircraft in its fleet, which includes 17 Bombardier Challenger 300s and 25 Cessna Citation Xs. XOJet was formed in 2006 and achieved breakeven in 2012.

During 2016, XOJet will introduce a new version of its Elite Access program, which gives guaranteed access to its core fleet and aircraft operated by partners with as little as 12 hours' notice. The company also is refurbishing aircraft cabins, with improvements to seats, carpets and cabinetry mainly focused on its Citation Xs.

Further investments are being made to improve the digital flight booking process. Last year, XOJet added new service partnership agreements with the Golden State Warriors basketball team and concierge services group IfOnly.