AERO TRADING GROUP Corp

Alliance Aviation Services reports half year results

Alliance Aviation Services reports half year results Alliance Aviation Services, which provides contract, charter and allied aviation and maintenance services in Australia, has reported underlying net profit before tax of $20.7 million for the half year period, down $6 million compared to the year-ago period, on revenues from operations of $171.2 million, up $16.4 million over last year. The increase in total revenue in the half year was a result of growth in contract and wet lease activity. Wet lease activity grew significantly compared to prior comparative period (“PCP”) which resulted in revenue generation of $14.9 million however this was lower than forecast due to ongoing COVID-19

Leave a Reply

Your email address will not be published. Required fields are marked *