Alliance Aviation Services Limited (AU:AQZ) has released an update.
Alliance Aviation Services Limited reported a record pre-tax profit of $86.3 million for FY24, a 65.3% increase over the previous year, attributing the success to strategic decisions made four years prior, including fleet expansion and contract renewals with major clients like BHP. The company’s cash flow also soared, with net inflows from operations up 167.2% to $109.3 million, while it continues to focus on safety, on-time performance, and cost-effective air services as part of its growth strategy. New leadership appointments and a fully funded expansion program promise to triple the fleet size by 2026, ensuring capacity to meet ongoing demand.
For further insights into AU:AQZ stock, check out TipRanks’ Stock Analysis page.
