|Net Profit After Tax (NPAT)|
Net profit after tax
|Return on assets (RoA)|
Airservices annual earnings as a percentage of assets
In 2018-19 our net profit after tax and return on assets continued to perform strongly. Our performance against these indicators, ensure we continue to be efficient and commercial.
Our major achievements for the year included:
- NPAT of $62.4m was in line with expectations, with lower than planned revenues being largely offset by costs being managed below planned levels
- following a price freeze that has been in place since 2015, the significant cost efficiencies we have achieved and sustained has enabled us to reduce our prices by 2 per cent from 1 July 2019. This improved financial stewardship has resulted in multi-million dollar savings for Australia’s airlines and the aviation industry more broadly
- approximately $2.5 million in annual service charges were waived for Australia’s not-for-profit aeromedical providers, that provide vital services in remote parts of Australia.