Qantas shares tank as FY26 revenue guidance misses estimates
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More news: Qantas led losses on the ASX 200 after the airline beat market estimates for first-half profit before tax but issued softer-than-expected revenue guidance for FY26.
Shares were down 9.6% to $9.63 at 3:20pm AEDT. The stock is up 8.3% over the last 12 months.
Macquarie analysts called the result a “nice beat” to estimates but said FY26 revenue guidance was “slightly more conservative” than expected.
They also noted that group RASK — ticketed passenger revenue divided by available seat kilometres — was “slightly weaker” than anticipated.
Qantas delivers $1.46b in first-half underlying profit before tax
The news: Qantas has delivered a $2 million lift in first-half statutory net profit, when compared to the previous corresponding period, up to $925 million as domestic revenue growth was offset by cost escalation in Qantas International.
Underlying profit before tax lifted by $71 million to $1.46 billion while group net capex over the period increased by 27% to $1.8 billion.
The Qantas board declared a fully franked interim base dividend of 19.8 cents per shares, a 20% increase on the base dividend declared in the first and second half of FY25.
The source: ASX
