News
Australia’s Alliance Aviation posts US$2.4 million interim loss
February 11th 2022
Australian regional airline and fly-in, fly-out operator, Alliance Aviation Services, said all 32 of its recently acquired E190 regional jets will be flying by June, but that the substantial investment in its fleet had pushed the carrier into the red. Read More » The company reported a net loss of A$3.4 million (US$2.4 million) for the six months to December 31, from a net profit of A$23.4 million in the same months in 2020. Revenue rose 11%, to A$170.1 million, Alliance said in a regulatory filing to the Australian Securities Exchange. The domestic carrier booked operating costs of A$25.2 million in the half for recruitment, personnel, training, financing and regulatory infrastructure related to its E190 fleet. Managing director, Scott McMillan, said COVID-19 had delayed the company's wet lease flying activity, but that he maintained a "very confident outlook", with "significant additional flying" to commence in April.
