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Alliance has seen continued growth in the first half of the 2025 financial year, with a boost in finances and record flight hours.
The FIFO and charter operator, which had 76 aircraft in revenue service as of 31 December, posted a statutory pre-tax profit of $41.3 million, up $3.6 million or 9.5 per cent, with 58,362 total flight hours, up from 50,793. 97 per cent of these hours were flown under long-term contracts.
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According to managing director Scott McMillan, Alliance added four aircraft to its operational fleet and enjoyed solid financial results despite “continued challenges posed by a rising cost environment together with increased industrial relations activity”, as well as damage to three of its planes due to circumstances outside its control.
“In this period, we have seen a notable increase in flight hours, reflecting our commitment to meeting the growing demand for reliable air services. Our fleet has been operating at higher capacity, ensuring we continue to provide consistent service to our clients and strengthen our market position,” he said.
“This increase in flying activity has been a key driver behind the growth of our wet lease revenue, which has shown a marked improvement compared to prior years.
“In a rising cost environment, we have remained focused on driving efficiencies and adapting to the changing economic landscape. Our ability to increase profits amid higher operating costs is a testament to the resilience of our business model and the hard work of our team.
“We are committed to managing our costs effectively while continuing to invest in our fleet and infrastructure to support future growth.”
Contract charters remained steady throughout the half, while ad-hoc and RPT hours declined; however, wet-lease hours soared by 4,757 over the second half of the 2024 financial year, with Qantas having called in all of its 30 Embraer E190 wet-lease options, the last of which is set to be delivered this month.
The company previously saw a record year in 2023-24, driven by wet-lease revenues.
“In accordance with our previously stated strategy to increase our aviation services activity, we are confident that, given the global demand for aviation assets, we will be able to achieve significant monetisation of the company’s extensive inventory,” said McMillan.
“Alliance Airlines will continue to thrive in the second half of the year, building on our strong foundation and adapting to the evolving aviation landscape.”
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says:Alliance, what a credit to the industry and the country. How about cleaning up REX??