Alliance Aviation Services Revises Qantas Lease and Restructures
Key points
- Revised wet lease agreement with Qantas starting 1 July 2026
- Price increase and revised escalation mechanism
- Reduction in aircraft from 30 to 23 over FY27
Full summary
Alliance Aviation Services Limited (ASX: AQZ) has finalized a materially revised wet lease agreement with Qantas Airways Limited (ASX: QAN). The revised agreement includes a meaningful increase in pricing starting from 1 July 2026, a revised annual price escalation mechanism, and a staged reduction in aircraft from 30 to 23 over FY27. This restructuring is expected to deliver a material improvement in profitability and operational efficiency. The company will also align its workforce and operating model with the reduced fleet requirements.
Guidance
FY26 underlying PBT expected at the mid-point of $35 million to $40 million
Outlook
Further financial impact details will be provided when FY26 results are released on 25 August 2026.
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