Qantas Airways Limited
QAN.AXIndustrialsASXAirlines · Last scanned May 28, 2026
Scan Results
Daily timeframe1 of 4 indicators bearish as of May 28
Qantas Airways Limited provides air transportation services in Australia and internationally. Valued at $14.21B, QAN.AX is a large-cap name in its sector. The company operates through Qantas Domestic, Qantas International, Jetstar Group, and Qantas Loyalty segments.
Market Cap
$14.21B
Beta
0.58
P/E (TTM)
8.86
P/E (Fwd)
8.56
EPS (TTM)
$1.06
EPS (Fwd)
$1.10
ROE
153.6%
ROA
6.9%
Cash
$1.86B
Total Debt
$8.24B
Free CF
-$603.5M
52W Change
-12.4%
Annual Financials
Cash vs Debt
On the balance sheet, QAN.AX has $1.86B in cash with $8.24B in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$603.5M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 153.6%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 6.9% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $8.70B (2022) to $23.41B (2025), reflecting a 169% increase over the period.
With a beta below 0.7, Qantas Airways Limited typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing QAN.AX's risk profile alongside its fundamentals and technical indicators provides a more complete picture.