Business

FIFO gives airline a huge boost

A REGIONAL airline supplying the growing fly-in, fly-out mining industry has posted a huge 44% revenue increase, partly due to its Central Queensland operations.

Alliance Aviation operates charter flights for iron ore mines in the Pilbara and the CQ coal industry, among other remote mines around the country.

On Monday, it reported its full year results, including a 44% jump from last year's revenue of $127.6 million to $184.2 million.

The airline services resource projects through flights to and from Emerald, Brisbane, Townsville, Mt Isa, Cloncurry and various other projects.

Alliance managing director Scott McMillan said after listing on the stock exchange in December, the company had a "successful year", partly on the back of high staff recruitment and retention rates.

Topics:  fifo




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

OUR SAY: Seriously, how many weeks to go?

July 2 cannot come soon enough in election snooze-fest

Shots fired as part of neighbourhood dispute

Police tape  Photo Jorge Branco / Caboolture News

One person assisting with inquiries after shots fired at Tabulam

Possibility of localised flooding this weekend

25/07/06 n15293a Dan Fergusons rain gauge on his Cooroibah property. Photo by Geoff Potter

Widespread rain relief is on its way to the Clarence Valley

Latest deals and offers

Perfect time to invest in Northern Rivers property

The Northern Rivers rental market is tighter than Sydney making it the perfect time for investors to get better returns out of property than superannuation or banks deposits.

Low interest rates and tight rental market are prime time to invest