• Statutory profit before tax increased by 9.5% to $41.3 million
• Total revenue from operations increased by 11.3% to $333.0 million
• Flight hours increased to 58,362, up from 50,793 with 97% of those hours operated under long term contracts

Alliance Aviation Services Limited ('Alliance') (ASX: AQZ) has announced its results for the half year ended 31 December 2024 (HY25), reporting a statutory profit before tax (PBT) of $41.3 million, an increase of $3.6 million or 9.5% compared to the same period in the prior year. Revenue from operations increased by 11.3% to $333.0 million, with significant growth in contracted wet lease revenue. The company operated record flight hours of 58,362 for the half year, reflecting its commitment to meeting the growing demand for reliable air services. Alliance's Managing Director, Scott McMillan, highlighted the company's ability to increase profits amid a rising cost environment, attributing it to the resilience of the business model and the hard work of the team. The company remained focused on driving efficiencies and adapting to the changing economic landscape. Looking ahead, Alliance remains optimistic about its ability to capitalize on new opportunities and deliver sustainable returns for its stakeholders. The company also announced changes to its Board of Directors, with the retirement of Mr. Stephen Padgett, OAM, and the appointments of Mr. James Jackson as Chairman and Mr. Bernie Campbell as a Non-Executive Director.

Alliance's guidance remains unchanged, with a 2025 financial year consensus forecast of $92.9 million PBT and $202.1 million EBITDA.

Alliance Airlines retains a positive outlook for FY2025 as it executes on its strategy of increasing aviation services activity to take advantage of its material opportunities in the current global aviation market. The company expects continued flexibility in activity to meet demand as additional aircraft enter the operating fleet, the deployment of the final wet lease aircraft option to Qantas in 2HFY25, and the deployment of one additional dry-lease aircraft in 2HFY25. The Rockhampton maintenance facility is also expected to increasingly realise financial, strategic, and operational benefits for the Group.