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Alliance has posted a dip in profit for the full 2024-25 financial year after facing a number of external challenges, but has forecast a positive 2026.
The charter and FIFO carrier saw a statutory net profit after tax of $82.1 million, down 4.9 per cent on its record profit in 2023-24, though revenue from operations was $760.9 million, up 19.4 per cent. The carrier also saw a fifth straight annual record in total flight hours, with 113,621.
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“Our operating performance for the year was outstanding, achieving record flying hours in spite of the challenges of severe weather events across a number of regions, Protected Industrial Action, and two aircraft being sidelined after sustaining structural damage,” said Alliance Aviation Services joint managing director Stewart Tully.
“Our ability to respond to these challenges mitigated the disruption to our flight schedules and allowed us to meet our client commitments, and I am grateful for the efforts of our operating and maintenance crews to quickly adapt in difficult circumstances.”
Alliance last financial year settled the purchase of five more E190s, bringing it to a total of 79 in revenue service, and deployed the last of 30 E190s on Qantas’ wet-lease contract. Its wet leasing revenue was up 13.8 per cent over last year.
“Owning our entire fleet gives Alliance a unique competitive advantage with the capacity to trade surplus aircraft and components to generate revenue and support efficient flight and maintenance operations,” said Tully.
“Aviation services sales initiatives during the year contributed significantly to streamlining our operations and reducing debt.
“We are consolidating operations across our expanded fleet by optimising utilisation and reliability to meet client demand and disciplined cost management to maximise cash flow.”
According to Alliance, the outlook for the 2025-26 financial year is “solid”.
“Organic growth in contract activity is expected to continue, driven by increased demand from existing clients and new business opportunities, particularly within Western Australia and Queensland,” the airline told the ASX.
“With Qantas exercising its final four wet lease options in FY25, FY26 will mark the first full year of Qantas wet lease operations. This is anticipated to contribute to higher revenue and improved crew utilisation and efficiency.
“The Rockhampton hangar will expand its base maintenance capabilities. This enhancement will reduce the need for ferry flights to offshore MRO facilities, thereby lowering the Group’s carbon emissions and operating costs.”
Alliance also said it will “maintain a strong focus on cost control throughout the year to preserve, and where possible, improve profitability”.
“During the forecast period, Alliance will continue to prioritise its core business activities, focusing on the provision of air transport services to the resources sector and the supply of wet lease capacity to other carriers, capitalising on market opportunities as they arise,” the airline said.
“With the E190 fleet expansion coming to an end, the Group will shift its strategic emphasis toward disciplined financial management, with a particular focus on optimising cash flow and reducing debt levels.”
