Alliance Aviation Halts Trading Amid Earnings Concerns
Brisbane-based airline Alliance Aviation Services has requested a voluntary suspension of its securities on the Australian Securities Exchange (ASX) ahead of a trading update.
The update is expected to reveal FY26 earnings significantly below analyst consensus, primarily due to higher-than-expected repairs, maintenance expenses, and depreciation costs.
- Alliance Aviation Services provides contract, charter, and aviation services in Australia and internationally.
- Qantas currently holds a 20% stake in the company.
The company attributed the anticipated weaker results to increased expenses, prompting a thorough review and validation process.
Author's summary: Alliance Aviation suspends trading due to earnings concerns.
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