Qantas Airways Limited

ASX:QAN Stock Report

Market Cap: AU$13.5b

Qantas Airways Future Growth

Future criteria checks 2/6

Qantas Airways is forecast to grow earnings and revenue by 10.6% and 4.4% per annum respectively. EPS is expected to grow by 10.6% per annum. Return on equity is forecast to be 53.3% in 3 years.

Key information

10.6%

Earnings growth rate

10.61%

EPS growth rate

Airlines earnings growth18.5%
Revenue growth rate4.4%
Future return on equity53.30%
Analyst coverage

Good

Last updated16 Apr 2026

Recent future growth updates

Recent updates

Qantas price should steadily increase in the long term

Qantas Airways Limited benefits from a durable competitive position as Australia’s flagship international carrier. The country’s geographic isolation and concentrated airline market create natural barriers to entry, giving Qantas a strong long-term moat in both domestic and international travel.

Qantas: A Stronger Post-COVID Airline with Sustainable Earnings Power

Qantas is an interesting investment opportunity because it sits at the intersection of cyclical recovery and structural competitive advantage. While the airline delivered record earnings following the post-pandemic travel rebound, the market is now reassessing how sustainable those profits are.

The Trend Of High Returns At Qantas Airways (ASX:QAN) Has Us Very Interested

Jan 28
The Trend Of High Returns At Qantas Airways (ASX:QAN) Has Us Very Interested

Calculating The Intrinsic Value Of Qantas Airways Limited (ASX:QAN)

Jan 07
Calculating The Intrinsic Value Of Qantas Airways Limited (ASX:QAN)

Here's Why Qantas Airways (ASX:QAN) Has Caught The Eye Of Investors

Dec 16
Here's Why Qantas Airways (ASX:QAN) Has Caught The Eye Of Investors

Qantas Airways Limited's (ASX:QAN) Shares Lagging The Market But So Is The Business

Nov 28
Qantas Airways Limited's (ASX:QAN) Shares Lagging The Market But So Is The Business

These 4 Measures Indicate That Qantas Airways (ASX:QAN) Is Using Debt Extensively

May 08
These 4 Measures Indicate That Qantas Airways (ASX:QAN) Is Using Debt Extensively
User avatar

Fleet Renewal And Project Sunrise Expected To Improve Operational Efficiency

Fleet renewal and Project Sunrise are key strategies to drive profitability and future revenue growth in long-haul markets.

Earnings and Revenue Growth Forecasts

ASX:QAN - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/202828,2162,0226815,47914
6/30/202727,1031,699-4884,73715
6/30/202625,6341,290-2993,75514
12/31/202524,5901,607-4663,932N/A
9/30/202524,2071,606-654,093N/A
6/30/202523,8231,6053354,253N/A
3/31/202523,3821,4558814,213N/A
12/31/202422,9411,3051,4264,173N/A
9/30/202422,4401,2801,0533,807N/A
6/30/202421,9391,2556803,441N/A
3/31/202421,4861,4364903,528N/A
12/31/202321,0331,6163003,615N/A
9/30/202320,4241,6811,3964,350N/A
6/30/202319,8151,7462,4915,085N/A
3/31/202317,8791,1733,2475,215N/A
12/31/202215,9435994,0025,344N/A
9/30/202212,526-1302,8764,007N/A
6/30/20229,108-8601,7492,670N/A
3/31/20227,893-972N/AN/AN/A
12/31/20216,678-1,085112612N/A
9/30/20216,306-1,388-521113N/A
6/30/20215,934-1,692-1,154-386N/A
3/31/20216,529-2,582N/AN/AN/A
12/31/20207,123-3,472-2,139-1,253N/A
9/30/202010,690-2,718-1,326-85N/A
6/30/202014,257-1,964-5141,083N/A
3/31/202016,241-5713152,144N/A
12/31/201918,2248221,1433,204N/A
9/30/201918,095831N/A3,184N/A
6/30/201917,966840N/A3,164N/A
3/31/201917,801831N/A3,139N/A
12/31/201817,635821N/A3,114N/A
9/30/201817,382887N/A3,264N/A
6/30/201817,128953N/A3,413N/A
3/31/201816,850943N/A3,339N/A
12/31/201716,572932N/A3,265N/A
9/30/201716,315892N/A2,985N/A
6/30/201716,057852N/A2,704N/A
3/31/201715,989854N/A2,662N/A
12/31/201615,921856N/A2,619N/A
9/30/201616,061943N/A2,719N/A
6/30/201616,2001,029N/A2,819N/A
3/31/201616,2111,036N/A2,769N/A
12/31/201516,2211,042N/A2,718N/A
9/30/201516,019800N/A2,383N/A
6/30/201515,816557N/A2,048N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: QAN's forecast earnings growth (10.6% per year) is above the savings rate (3.5%).

Earnings vs Market: QAN's earnings (10.6% per year) are forecast to grow slower than the Australian market (12.2% per year).

High Growth Earnings: QAN's earnings are forecast to grow, but not significantly.

Revenue vs Market: QAN's revenue (4.4% per year) is forecast to grow slower than the Australian market (6.4% per year).

High Growth Revenue: QAN's revenue (4.4% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: QAN's Return on Equity is forecast to be very high in 3 years time (53.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/18 02:43
End of Day Share Price 2026/04/17 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Qantas Airways Limited is covered by 29 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Wei FangBNP Paribas
Nathan GeeBofA Global Research