not the best of days, page-7

The small improvement can probably attributed to buying by CBA and its associated entities, see the announcement about substantial shareholder notice.

It would appear that they increased their holding by almost 1% to about 7% of total shares.
I suppose this can be interpreted as vote of confidence.

Other good news for QAN are that the business traffic is showing signs of improvement and QAN is stepping up their services to Japan to fill the gap by JAL dropping the international routes.

In past the Japan route used to be referred as river of gold.
I think those days are gone but a small stream of extra revenue, would help our fortunes.

Another river of gold that dried up was QAN services to US.
That is also showing signs of improvement, especially in the vital premium market.

I think with the benefit of hindsight, that Qantas reduced their flights frequency and their ticket prices too much.

While it could be argued that the international ticket prices were to some forced on QAN by competition, the reduction of services on domestic routes, being addressed only now, was overkill and a bad mistake.

Last month, I had a hard time to buy ticket on QAN from Sydney to Brisbane and back . Most flights were sold out leaving only the very early and very late flights with some spare seats.
IMO QAN is very slow to react to changing conditions at our (shareholders) expense.