Australia's Alliance Aviation set for best week ever on Qantas talks

Alliance Aviation Services

07/08/2026 06:18

** Shares of Australia's Alliance Aviation AQZ.AX gain 34.2% so far this week, set to post best week ever
** Airline services stock soared as much as 50% on Thursday, marking a record pct gain
** Co's shares are up 2.2% on the day
** During the week, AQZ reached an agreement with Australian carrier Qantas QAN.AX on the existing wet lease agreement, agreed on an increase in pricing and an annual price mechanism 
** Stock down 35.22% YTD, including session's moves
     
($1 = 1.4237 Australian dollars)

(Reporting by Shravya Marakini in Bengaluru)
((shravya.marakini@thomsonreuters.com;))