The sound of investor presentations and ASX releases can only mean one thing: results season has come again, bringing joy and cheer to all the good shareholders of the land – especially those who've invested in airlines.

Qantas has posted another bumper profit as it looks to snap up even more A321XLRs, Virgin Australia has celebrated its 25th anniversary with a healthy result, Alliance is flying more hours than ever, and across the Tasman, even Air New Zealand is still in the black despite its many headaches.

Jake and guest host Benjamin Foster unpack all the major airlines' results and take a look ahead to the prospects for 2026.

Plus, it's the end of the line for Gold Coast Airport's light rail – what might replace the controversial project as the Olympics draw ever closer?