Clarification to Market

• Revised wet lease agreement with Qantas expected to improve profitability
• Operational initiatives and organizational changes will impact financial performance
• Preliminary FY27 PBT guidance range: $55M to $60M

Alliance Aviation Services Limited (ASX: AQZ) has clarified its financial outlook for the fiscal year 2027, following the announcement of a revised wet lease agreement with Qantas Airways Limited. The company expects this agreement to significantly improve profitability. However, the financial performance will also be influenced by operational initiatives and organizational changes, including right-sizing the business. Preliminary guidance indicates that the underlying profit before tax (PBT) for FY27 is expected to be between $55 million and $60 million, subject to various assumptions and risks.

FY27 underlying PBT expected to be $55M to $60M

The anticipated FY27 financial outlook remains subject to operational performance, aircraft utilization, customer demand, fuel costs, labor availability, and broader economic conditions.