Alliance Aviation Services Limited expects FY2020 PBT in excess of USD28m

11 June, 2020

Alliance Aviation Services Limited provided (11-Jun-2020) the following trading update and outlook:

  • Expects to report a profit before tax (PBT) for FY2020 in excess of AUD40 million (USD27.9 million);
  • Demand for ad-hoc charter services as a replacement to RPT services is expected to continue at heightened levels through to FY2021;
  • Increased services for resource sector clients in response to coronavirus risk mitigation measures through to 2021;
  • Contracted inbound tourism services are suspended and are not suspected to return to normal levels until at least FY2022;
  • Wet lease arrangements with Virgin Australia have been suspended and Alliance expects these services to resume in late FY2021. [more - original PR]