Alliance Airlines EBIT up 8% in H1FY2020

5 February, 2020

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). [more - original PR]

*Based on the conversion rate at AUD1 = USD0.6846