Alliance Aviation suspends trading after FY26 earnings warning

The news: Shares of Alliance Aviation Services have been suspended from trading immediately, after the airline warned that its full-year earnings are set to be "materially lower" than consensus estimates.

The numbers: The Brisbane-based airline, which is 20% owned by Qantas, said it will release a trading update with details of higher-than-anticipated costs due to recent repairs and maintenance costs and depreciation charges.

Qantas shares were down 0.3% to $10.33 at 11:15am AEDT.

The context: Alliance said it requested the voluntary suspension so it could prepare, validate and verify the impact of the increased expenses on its ongoing financial performance.

The suspension will remain in place until the earlier of Alliance announcing the trading update, and the start of trading on Friday.