Alliance Airlines continues to deliver 'strong' results driven by wet lease revenue

7 February, 2019

Alliance Airlines CEO Lee Schofield stated (06-Feb-2019) the company continued to deliver a "strong financial result" from charter and aviation services operations in H1FY2018/2019, increasing PBT 38% year-on-year to AUD14.1 million (USD10.0 million). Revenue increased 18% to AUD20.6 million (USD14.6 million), driven by a wet lease revenue increase of 104.5% to AUD26.6 million (USD18.9 million) attributable to increased demand for services from operators both domestically and internationally. [more - original PR]