The mining slowdown has yet to impact Australia's biggest fly-in, fly-out carrier, with Alliance Aviation yesterday announcing a 22 per cent increase in annual net profit to $23.3 million.
The listed Alliance, which services mining and oil and gas projects in WA, Queensland, South Australia and the Northern Territory for the likes of BHP Billiton, Newcrest and Santos, said revenue rose 21 per cent to $223 million.
The performance was aided by the addition of five Fokker 70LR jets to Alliance's fleet, allowing it to fly non-stop between the east coast and its clients' WA projects. The number of hours flown increased 17 per cent, while the number of flights rose 14 per cent.
Alliance declared a fully franked final dividend of 5.6c, making 10.4c for the year.
Managing director Scott McMillan said the group had assumed conservative growth in 2013-14, but noted that more than two-thirds of forecast revenue was secured by existing contracts.