• Record EBITDA and flight hours
• Wet lease revenue grew 25% with 21% increase in wet lease hours
• Contract revenue stable, charter revenue down 11%
• Significant investment in fleet expansion and maintenance

Alliance Aviation Services Ltd reported a strong financial performance for the half year ended 31 December 2024. Total revenue and income increased 11% to $338.9 million, driven by a 25% increase in wet lease revenue to $160.1 million. Contract revenue remained stable at $153.6 million, while charter revenue decreased 13% to $7.2 million. EBITDA increased 25% to $101.2 million, and profit before tax grew 10% to $41.3 million. The company saw a 21% increase in wet lease flight hours to 42,682, while contract and charter flight hours were down slightly. Alliance continued to invest in its fleet, acquiring three Embraer E190 aircraft during the period and completing the purchase of two additional hangars in Brisbane. The company also made significant progress on enterprise agreement negotiations with various employee groups. Looking ahead, the outlook for 2025 remains strong, with additional aircraft due for deployment on wet lease services and stable contract charter operations. Alliance will continue to focus on cost management and margin growth, while also actively pursuing ad-hoc charter revenue opportunities.

Guidance remains unchanged of a 2025 financial year consensus forecast of $92.9 million profit before tax and $202.1 million EBITDA.

The outlook for 2025 remains strong with additional aircraft due for deployment on wet lease services and stable contract charter operations. Focus will continue to be on cost management and margin growth. Alliance will actively drive additional ad-hoc charter revenue throughout the forecast period.