No ASX ETF holds Alliance (AQZ) as of 15 Oct 2026. Over the last 3 months it fell 21.3%: on $10,000, −$2130. We explain 2 big moves in that time.
About AQZ
- SectorIndustrials
- IndustryTransportation
- Size$101.5m
- Held by0 ETFs
- Big moves2 in 3M
Each dot is a move we explain. Tap one, or a row of Why it moved, to see what caused it.
Why it moved
- −21.7%peak −22.2%28 Aug 2026· Earnings Miss
Alliance Aviation shares fell sharply after releasing weak FY26 annual results combined with significant balance sheet impairments, followed by a dilutive $40 million institutional capital raise.
- +30.4%6 Aug 2026· Contract
Alliance Aviation announced a reset of its Qantas contract with higher pricing and a fleet reshuffle, targeting improved FY27 returns, driving the stock up 30.42%.
Held by 0 ETFs
No ETF we track holds AQZ directly.
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Why did AQZ fall 21.7% on 28 Aug 2026?
Alliance
Alliance Aviation shares fell sharply after releasing weak FY26 annual results combined with significant balance sheet impairments, followed by a dilutive $40 million institutional capital raise.
The evidence strongly points to a combination of disappointing FY26 annual results (released 26 Aug) featuring material balance sheet impairments, and a $40m institutional placement that was completed on 27 Aug — both of which are classically negative price catalysts. The trading halt lifted on 27 Aug aligns with the recommencement after the capital raise was completed, and the stock then sold off heavily when trading resumed. Multiple news sources explicitly reference a 'balance sheet reset after impairments' and a 'sharp share price reset,' confirming the market reaction was driven primarily by the earnings/impairment disappointment, with the dilutive raise compounding the selling pressure. Earnings miss is chosen as the primary category since the impairment-driven results appear to be the root shock, with the capital raise as a secondary amplifier.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice. It does not consider your objectives, finances or needs. Past performance is not a guide to future performance.
Evidence
Company announcements
News coverage