Alliance Airlines soars to record result
Alliance Airlines’ Scott McMillan and Lee Schofield. Picture: Lyndon Mechielsen
The resurgence of the resources sector has helped lift Alliance *Airlines to the best annual result of the company’s 17-year history this week, with a $32.8 million profit before tax.
The figure was up 25.7 per cent or $6.7m on the previous year, while net profit improved $4.6m to $22.7m.
Fly-in, fly-out contracts with mining companies made up the lion’s share of Alliance’s flying revenue, worth $165.3m for financial 2019, up 8 per cent.
Wet leasing — where Alliance provide an aircraft and a crew for another airline — contributed $45.4m to the result, up 22 per cent, while *regular public *transport services generated $41.2m. Chief executive Lee Schofield said the result was underpinned by the continued focus of all Alliance employees in ensuring “the safe, on-time and cost-*effective provision of services to all of our clients”.
The Brisbane-based carrier retained a positive outlook for the financial 2020, with scheduled services expected to increase for a number of resource sector clients as a result of increasing mine production levels.
Qantas became Alliance’s single largest shareholder this year, in a move now being examined by the ACCC.
Robyn Ironside