Ann: QZ - 1HFY22 - Results Release, page-7

Would be good if someone could post the full Morgans update - below is from Motley Fool under the heading of "Morgans names 3 of the best ASX shares to buy today"

This airline and aviation services company has been given an add rating and $5.05 price target. This is materially higher than where the Alliance Aviation Services share price currently trades.

The broker believes that investors should look beyond the short term turbulence that the company is facing and feels that an inflection point is coming

It commented: “AQZ’s interim result and FY22 guidance was weaker than expected. However, significant progress on its E190 deployment has been achieved over the past ~18 months and cash generation in the underlying Fokker business remained robust. Our positive investment case on AQZ has been predicated on the step-change in FY23 earnings growth as its material fleet expansion is deployed and we continue to think the company is nearing this inflection point.”