Alliance Airlines EBIT up 8% in H1FY2020

    Alliance Aviation Services Limited reported (05-Feb-2020) the following financial highlights for the six months ended 31-Dec-2019:

    • Revenue: AUD150.8 million (USD103.2 million), +10% year-on-year;
      • Contract: AUD94.8 million (USD64.9 million), +17%;
      • Regular public transport: AUD21.8 million (USD14.9 million), +2%;
      • Wet lease: AUD17.5 million (USD12.0 million), -34%;
      • Charter: AUD10.6 million (USD7.3 million), +130%;
      • Aviation services: AUD6.0 million (USD4.1 million), +53%;
    • Operating Expense: AUD116.6 million (USD79.8 million), +10%;
      • Direct flight costs: AUD55.1 million (USD37.7 million), +8%;
      • Labor: AUD40.9 million (USD28.0 million), +6%;
    • EBIT: AUD16.9 million (USD11.6 million), +8%;
    • Net profit: AUD10.6 million (USD7.3 million), +8%;
    • Total flight hours: 19,710, +0.2%;
      • Contracted: 11,240, +17.1%;
      • Wet lease: 4547, -32.0%;
      • Regular public transport: 2634, +0.9%;
      • Charter: 931, +83.6%;
      • Maintenance: 358, +31.1%;
    • Total assets: AUD333.5 million (USD228.3 million);
      • Cash: AUD12.1 million (USD8.3 million);
    • Total liabilities: AUD160.5 million (USD109.9 million).