Qantas stock falls 1.22 percent as FY26 profit drops

Published on 10/07/2026 at 03:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Qantas stock was trading at AUD 8.88 on October 7, 2026, with a 1.22 percent daily decline on ASX. FY26 revenue rose to AUD 25.5 billion.

Qantas, AU000000QAN2, Illustration mit AI erstellt.

Qantas stock (ISIN AU000000QAN2) was trading at AUD 8.88 on ASX on October 7, 2026 at 11:42 a.m. AEDT, down 1.22 percent from the prior close. The airline is adding Economy Plus seating and high-speed Wi-Fi to its Airbus A380 fleet next year, as Executive Traveller reported on October 6, 2026.

FY26 revenue rose 7.1 percent

Qantas reported FY26 revenue of AUD 25.5 billion, up 7.1 percent from FY25, while net income fell 20 percent to AUD 1.29 billion. The figures, covering the fiscal year ended June 30, 2026, show that sales growth did not translate into comparable profit growth.

Reuters reports that Qantas recorded AUD 25,516 million in FY26 revenue and AUD 1,289 million in net income, compared with AUD 23,823 million and AUD 1,605 million in FY25. The contrast leaves the profit margin at 5.1 percent, down from 6.7 percent.

Fuel and fleet costs shape outlook

Underlying profit before tax fell AUD 330 million to AUD 2.06 billion in FY26, while underlying earnings per share declined 14 cents to AUD 0.96, according to Veye on September 14, 2026. The same report places the final fully franked dividend at AUD 0.198 per share, payable on October 14, 2026.

For investors, the key tension is visible in the numbers: Qantas is expanding capacity and loyalty earnings while higher fuel and operating costs pressure margins. Qantas Loyalty underlying EBIT grew 12 percent to AUD 625 million in FY26, providing a counterweight to weaker airline profitability.

Consensus target stands above AUD 11

A 17-analyst consensus rates Qantas Buy and sets an average price target of AUD 11.53, which is 29.84 percent above the AUD 8.88 share price, according to Stock Analysis on October 7, 2026. The target comparison matters because the stock is down 17.30 percent over the past 52 weeks, while the forecast depends on earnings recovery rather than revenue growth alone.

Qantas stock stays below yearly high

Qantas stock was last at AUD 8.88 on ASX on October 7, 2026 at 11:42 a.m. AEDT, with a 52-week range of AUD 8.03 to AUD 11.35. Its market capitalization was AUD 13.4 billion and volume reached 1,024,380 shares at that time.