Private air traffic has rebounded above 2019 levels, helped by wealthy leisure travelers avoiding commercial earlier in the pandemic to avoid contracting the virus or due to fewer direct flights.
With carriers reeling from the CV19 pandemic, and affluent consumers skittish about being crammed into full airplanes packed with hundreds of people from who knows where, the travel industry is increasingly turning to private aviation providers.
Most interesting might be Thailand’s approach. Speaking during an online panel titled, “The New Normal For Luxury Destinations and Restaurants,” Yuthasak Supasorn, the Governor of the Tourism Authority of Thailand, said he expects the country will open a bubble for private jet travelers when it allows foreigners to return. (2)
In other words, if you arrive by private jet, it would matter less what country you are coming from. Yuthasak said while private jet travelers spend a lot of money - on average $85K compared to $156 for those who arrive on the airlines - the low volume makes it easier to ensure pre-arrival testing and other health-safety protocols.
With people turning to private travel in droves like never seen before and with the potential for it to make life considerably easier for those who can afford it, it's important to take a look at Star Jets International, Inc. (JETR). Here's why...
Your No. 1 Potential (JETR) Driver Indicator - Low Float
According to the OTC Markets website, JETR has a low float.
The website reports this profile to have approximately 2.08Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, potential driver indicators can send shares heading vertical in the short-term.
And, if you have been following us recently, you've seen how low float ideas can lead to major intraday/short term breakouts.
Your No. 2 Potential (JETR) Driver Indicator - Record Q1 2021 Revenue
Ricky Sitomer, CEO, Star Jets International (JETR) Announces $3.6Mn in Record Revenues for Q1 2021, a 140% Year-Over-Year Increase
NEW YORK, May 17, 2021 (GLOBE NEWSWIRE) -- Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces that the Company has booked an all-time record $3.6Mn for the quarter ended March 31, 2021 (Q1), a year-over-year increase of 140%. As predicted, the Company continues on a tremendous growth trend as the demand for private air travel is not showing any signs of slowing down.
The Company expects continued growth throughout the remainder of 2021. Health concerns related to CV19 continue to remain a primary reason for the uptick in private travel demand. Also, the Company’s first-time passengers rapidly become repeat customers who enjoy their new-found benefits of convenience and luxury of private air travel.
Ricky Sitomer, CEO of JETR stated, “We are proud to announce our all-time record revenue in the first quarter of 2021 and our continued growth in the private jet industry. The demand for private jets is skyrocketing. JETR expects demand to continue to grow for many years to come. Many travelers who have been sitting on the sidelines, who have now received the CV vaccine, are looking to get away after being cooped up for so long. We look forward to our continued success and our hard work in order to serve our clients with all of their private travel needs.”
In addition, the Company is in the midst of an audit for 2019 and 2020, in order to up-list to OTC MARKETS’ OTCQB in the next few months.
Read the full article here.
Your No. 3 Potential JETR Driver Indicator - Record 2020 Revenue
Ricky Sitomer, CEO of Star Jets International, Inc. (JETR) Announces Record 2020 Revenue of $9.5Mn, a Year-Over-Year Increase in Revenue of 80%
NEW YORK, March 01, 2021 (GLOBE NEWSWIRE) -- Ricky Sitomer, CEO Star Jets International, Inc. (OTCPink: JETR), a leading Private Jet Charter Company, announces an all-time revenue record of $9.5Mn for the year ended December 31, 2020, a year-over-year increase of 80%. JETR recorded $2.2Mn in the fourth quarter of 2020, an increase of 100% year-over-year. As predicted, the Company’s tremendous growth continues as the demand for private air travel increases, and not showing any signs of slowing down.
The Company expects to continue its growth pattern throughout the first quarter of 2021. Health concerns related to CV-19 remains a primary reason for the uptick in private travel demand. As many first-time passengers discovered and enjoyed their new-found benefits of private jet travel, repeat customer bookings increased throughout 2020.
Ricky Sitomer, CEO of JETR stated, “We are proud to announce our all-time-record revenue in 2020, and our continued growth in the private jet industry. The demand for private jets has been tremendous and we expect that the demand will clearly continue. We look forward to working hard to grow our client base and we are primed and ready to serve our clients with all of their private travel needs.”
Read the full article here.
Your No. 4 Potential (JETR) Driver Indicator - Oversold Leaning Technicals, Healthy Reversal/Bounce Potential
Recently, JETR has been in a bit of downtrend but has leveled off in recent days as it may have found potential support.
With this support after the recent downtrend, a potential reversal/bounce could be right around the corner.
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, here are some key technicals that could signal JETR to be oversold and on the verge of a potential reversal.
They are as follows on Barchart (as of 1:00PM EST Friday):
- 9-Day Relative Strength Index: 41.02%
- 14-Day Relative Strength Index: 40.43%
When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.
- 14-Day Raw Stochastic: 12.82%
- 14-Day Williams %R: 87.18%
As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.
Keep an eye on these technicals closely.
Your No. 5 Potential (JETR) Driver Indicator - Explosive Chart History
Take a look at JETR's 1-year chart: