Key points
- FY2026 was challenging with lower-than-expected profitability
- Comprehensive review of operating model and fleet strategy undertaken
- Focus renewed on core FIFO operations for future growth
- Strategic reset includes fleet renewal and cost reduction initiatives
- Leadership transition with Steven Greenway appointed as new CEO
Full summary
Alliance Aviation Services Limited released its FY2026 Annual Report, highlighting a challenging year with lower-than-expected profitability. The company undertook a comprehensive review of its operating model and fleet strategy, leading to a renewed focus on its core FIFO operations. Strategic initiatives included fleet renewal, cost reduction, and improved commercial discipline. The year also saw significant leadership changes, with Steven Greenway appointed as the new CEO. The company recorded a statutory loss due to non-cash impairment charges related to the Fokker fleet. Despite the challenges, the Board remains confident in the company's future, with a focus on execution and improved profitability in FY2027.
Guidance
FY2026 underlying profit before tax: $38.2 million
Outlook
The outlook for FY2027 remains positive, with a focus on execution, improved profitability, and stronger cash generation.