Alliance Aviation Services (ASX:AQZ) has reported their Fiscal Year statutory profit before tax, disclosing it to be A$52.2 million.

This marks an incredible leap from the previous year’s loss of A$7.1 million.

Moreover, the underlying profit before tax for the Fiscal Year is reported to be A$56.9 million.

This displays a rise from the previous amount of A$45.3 million.

The company has also maintained a positive outlook for the Fiscal Year of 2024.

They have further disclosed their total revenue from operations for Fiscal Year to be A$517.2 million, showing an increase of A$147.8 million.

Alliance Aviation Services anticipates the aircraft deliveries to occur with 16 in the Fiscal Year of 2024, 10 in 2025, and four more in 2026.

The company also expects that minimal idle capacity will continue in the near term.

Alliance Aviation Services is an Australian aviation services company, providing charter and scheduled airline operations