BUZZ-Australia's Alliance Aviation soars on flagging limited impact from Mideast conflict

Reuters
Yesterday
BUZZ-Australia's Alliance Aviation soars on flagging limited impact from Mideast conflict

** Alliance Aviation Services AQZ.AX soars as much as 22.6% to A$0.645; marks largest intraday pct jump since early May 2022

** Stock hits highest since March 12

** Specialised aviation services provider says fuel price volatility has limited impact on co's contracted operations

** Advises no change to co's FY26 profit before tax outlook

** Adds co continues to monitor aviation market, supply chain conditions

** More than 642,000 shares traded vs 30-day average of ~584,000

** YTD, AQZ down 47.4%

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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