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Qantas Airways Limited
(Sydney:QAN)
Qantas Airways Limited (QAN) vs. iShares MSCI Australia ETF (EWA)
Qantas Airways Limited Business Overview & Revenue Model
Qantas Airways Limited Earnings Call Summary
Qantas Airways Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.41B | 23.82B | 21.62B | 19.52B | 8.70B | 5.38B |
| Gross Profit | 6.61B | 7.95B | 11.46B | 10.97B | 4.52B | -991.00M |
| EBITDA | 4.28B | 4.12B | 3.90B | 4.60B | 945.00M | 53.00M |
| Net Income | 1.61B | 1.60B | 1.25B | 1.75B | -860.00M | -1.69B |
Balance Sheet | ||||||
| Total Assets | 23.89B | 23.36B | 20.56B | 20.35B | 19.65B | 17.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 2.21B | 1.98B | 3.17B | 3.34B | 2.22B |
| Total Debt | 9.44B | 7.96B | 6.59B | 6.73B | 7.23B | 8.23B |
| Total Liabilities | 22.55B | 22.57B | 20.27B | 20.34B | 19.84B | 17.36B |
| Stockholders Equity | 1.34B | 778.00M | 289.00M | 5.00M | -197.00M | 440.00M |
Cash Flow | ||||||
| Free Cash Flow | -466.00M | 335.00M | 680.00M | 2.49B | 1.75B | -1.15B |
| Operating Cash Flow | 3.87B | 4.25B | 3.35B | 5.05B | 2.65B | -407.00M |
| Investing Cash Flow | -4.10B | -3.81B | -2.89B | -2.59B | -225.00M | -701.00M |
| Financing Cash Flow | -179.00M | 42.00M | -2.01B | -2.63B | -1.31B | -181.00M |
Qantas Airways Limited Technical Analysis
Qantas Airways Limited Peers Comparison
Qantas Airways Limited Corporate Events
Qantas Airways has disclosed a change in the indirect securities interests of non-executive director Dion Weisler, reflecting additional investment via personal and board-related share arrangements. Weisler, whose existing 20,000 Qantas shares were held through family vehicle Dish Nominees Pty Ltd, increased his holding through an on-market purchase and participation in the company’s Non-Executive Director Fee Sacrifice Share Plan.
Following these transactions, Weisler now holds 30,750 ordinary shares indirectly and has been granted 12,490 rights under the NED Share Plan, which converts foregone director fees into equity. The new rights are scheduled to convert into shares after the blackout period following Qantas’ FY26 results, underscoring board alignment with shareholder interests through greater equity-based remuneration and ownership.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways Limited has disclosed a change in the interests of non-executive director Dr Nora Lia Scheinkestel, in line with Australian Securities Exchange listing rules. The notification reflects her indirect shareholding through a superannuation vehicle.
Dr Scheinkestel’s superannuation fund acquired 5,015 Qantas ordinary shares via an on-market trade at $9.86 per share, increasing its holding to 57,882 shares, while her direct holding remains at 9,058 shares. The transaction did not occur during a closed trading period, suggesting routine portfolio management rather than a time-sensitive strategic move, but it modestly increases board-aligned equity exposure in the airline.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has reported changes to the shareholdings of non-executive director Belinda Jane Hutchinson under the Qantas Non-Executive Director Fee Sacrifice Share Plan. The adjustments involve automatic conversion of previously granted rights into restricted ordinary shares, a new grant of rights, and the release of restricted shares from trust to direct ownership.
Following these transactions, Hutchinson’s holdings now comprise a revised mix of rights under the plan and both indirectly held and directly held ordinary shares. The movements reflect ongoing use of equity-based fee sacrifice arrangements to align director remuneration with shareholder interests, without any on-market trades or disposals reported in this notice.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has disclosed a change in the interests of non-executive director John Patrick Mullen, reflecting adjustments under the company’s Non-Executive Director Fee Sacrifice Share Plan. The update outlines the conversion of previously granted rights into restricted ordinary shares and a new grant of rights, both held via an employee share plan trustee and a self-managed super fund.
Following these transactions, Mullen’s holdings now comprise increased ordinary shares and a refreshed pool of rights under the director share plan, signalling continued equity-based alignment between board compensation and shareholder outcomes. The changes, driven by automatic plan mechanics and fee sacrifice valuation tied to recent share price performance, modestly deepen the director’s financial exposure to Qantas’s future fortunes.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has notified the market of the issue of 26,741 unquoted securities designated as NED Rights, effective 6 March 2026, under an employee incentive scheme. The new rights, which will not be quoted on the ASX, reflect ongoing use of equity-based compensation for non-executive directors, signaling continued alignment of board remuneration with shareholder interests and the airline’s long-term performance.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways Limited has notified the market of the issue of 11,365 new fully paid ordinary shares following the conversion of previously unquoted options or other convertible securities. The shares, issued on 27 February 2026, represent a small but formal increase in the company’s listed equity base, reflecting the exercise of employee or investor incentives and the routine dilution that accompanies such conversions.
The transaction highlights ongoing utilisation of Qantas’s equity-based instruments, which are commonly used to align management and staff interests with shareholder value. While immaterial in scale relative to Qantas’s overall capital structure, the issuance underscores standard capital management and compliance with ASX disclosure requirements that keep investors informed of incremental changes in share capital.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has announced the appointment of Alison Mary Watkins as a director effective 2 March 2026, reflecting ongoing renewal and strengthening of its board. The company disclosed that Watkins holds an indirect interest in 24,000 Qantas ordinary shares via the RJ & AM Watkins Superannuation Fund, while holding no shares directly or interests in relevant contracts, providing transparency on her financial exposure to the airline for investors and regulators.
The appointment underscores Qantas’ compliance with ASX listing rules on director interest disclosures and offers stakeholders clearer insight into the new director’s alignment with shareholder interests. By detailing Watkins’ indirect shareholding structure and confirming the absence of related contractual interests, Qantas reinforces governance standards and aims to maintain market confidence in its board oversight.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has released its investor presentations for the first half of the 2026 financial year, providing the market with detailed materials on the group’s HY26 results. The documents, lodged with the Australian Securities Exchange and accompanied by a supplementary presentation, are intended to brief investors on the airline’s latest financial and operational performance and signal ongoing engagement with capital markets stakeholders.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways Limited has announced a new on-market buy-back of its ordinary fully paid shares listed on the ASX under the code QAN. The program signals ongoing capital management by the airline, potentially supporting earnings per share and shareholder returns by reducing the number of shares on issue, and may reflect management’s confidence in the company’s financial position and outlook.
Details in the filing confirm that the buy-back will be executed through on-market purchases of QAN securities, rather than via an off-market or tender structure. While the announcement does not specify the total size or timing of the buy-back, the move adds to Qantas’ toolkit for balancing investment needs with capital returns, which is closely watched by investors given the sector’s cyclical nature and sensitivity to demand and cost conditions.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways Limited has announced an interim dividend of AUD 0.198 per ordinary fully paid share, relating to the six-month period ended 31 December 2025. The stock will trade ex-dividend on 10 March 2026, with a record date of 11 March 2026 and payment scheduled for 15 April 2026, signalling a capital return to shareholders that may reflect management’s confidence in recent financial performance and cash generation.
The dividend timetable provides clarity for investors on eligibility and expected cash flows, which can support valuation models and income planning for institutional and retail holders. This distribution also reinforces Qantas’s positioning as a mature, cash-generative carrier returning funds to shareholders, a relevant signal within the capital-intensive airline sector where payout policies are closely watched by the market.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways has lodged its Appendix 4D and consolidated interim financial report for the half-year ended 31 December 2025 with the Australian Securities Exchange. The filing formalises the airline group’s latest half-year financial results and provides investors and regulators with updated insight into its performance and position at a time of close scrutiny on the aviation sector.
The documents, authorised for release by the Qantas board, mark the company’s compliance with interim reporting obligations and will inform market assessments of its strategy and operational trajectory. Publication of these results is likely to influence stakeholder views on Qantas’s recovery path, balance sheet strength and competitiveness in both domestic and international markets.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways and Japan Airlines have signed a non-binding memorandum of understanding to transition low-cost carrier Jetstar Japan to a new Japanese capital-led ownership structure, under which Qantas plans to divest its 33.32% minority stake. Pending final agreement and regulatory approvals, the deal is expected to be agreed in July 2026 and completed by June 2027, positioning Jetstar Japan for its next growth phase in its home market while enabling the Qantas Group to concentrate capital investment on its core Qantas and Jetstar operations in Australia, with no changes to current shareholding or governance until completion and no impact on existing Australia–Japan services or codeshare arrangements with JAL.
The most recent analyst rating on (AU:QAN) stock is a Hold with a A$12.00 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.
Qantas Airways Limited has notified the Australian Securities Exchange of the cessation of 17,548 performance rights, which lapsed on 31 December 2025 because the specified conditions were not met or became incapable of being satisfied. The lapse of these conditional rights reduces the company’s pool of potential equity-based remuneration, indicating that certain performance hurdles for management or staff were not achieved and slightly altering Qantas’s issued capital structure, with implications for incentive alignment and future share-based compensation plans.
The most recent analyst rating on (AU:QAN) stock is a Buy with a A$11.50 price target. To see the full list of analyst forecasts on Qantas Airways Limited stock, see the AU:QAN Stock Forecast page.