Home » Alliance tips record pre-tax profit for 2023-24 financial year – Australian Aviation

Alliance tips record pre-tax profit for 2023-24 financial year – Australian Aviation

by UNN Feed

Charter and FIFO operator Alliance Airlines is expecting a “record” profit before tax in the 2024 financial year.

In a trading update posted to the ASX, Alliance predicted pre-tax profits exceeding the consensus forecast of $83.9 million, with full-year results to be released after the close of trade on 14 August.

“This will be an uplift in profit before tax of in excess of 60% over FY23,” the airline told the ASX.

“This will include a profit in the company’s Aviation Services operation, resultant from the sale to a European operator, of five General Electric CF-34-10 engines from recently parted out E190 aircraft and from inventory.

“The full cash proceeds of approximately $25 million will be received prior to the end of this financial year, reinforcing the integral part that aviation services plays in the company’s…

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