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Alliance Aviation Services Limited ( (AU:AQZ) ) has provided an update.
Alliance Aviation Services Limited reported a significant increase in its half-year financial results, with a statutory profit before tax of $41.3 million, up 9.5%, and total revenue of $333.0 million, up 11.3%. The company also achieved a record number of flight hours, primarily under long-term contracts, and expanded its operational fleet. Despite challenges such as rising costs and industrial relations activity, Alliance’s ability to grow profits reflects its robust business model and operational efficiency. The company remains optimistic about capitalizing on new opportunities and is committed to investing in its fleet and infrastructure to ensure sustainable returns for stakeholders.
More about Alliance Aviation Services Limited
Alliance Aviation Services Limited is a company in the aviation industry, focusing on providing aviation services and operating aircraft under long-term contracts. Its primary offerings include charter services and wet lease arrangements, which have shown notable growth. The company is targeting increased activity in the global aviation market to leverage material opportunities.
YTD Price Performance: -8.75%
Average Trading Volume: 73,712
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$436.2M
Find detailed analytics on AQZ stock on TipRanks’ Stock Analysis page.
