News: QAN Qantas Posts HY Statutory Profit After Tax Attributable A$873 Million, page-22

I did a bit of digging and came up with a bit of a clearer picture of why it got battered today according to some broker analysis.

1. First, the price rose on market open signalling the market was happy with at least a profit in these turbulent market conditions.
2. Retail investors began to sell off when they found that another buy back is on the agenda rather than a dividend.
3. Then, as the market began to digest the report, two factors really spooked it. This triggered a heavy sell off around 1pm AEDST. First, QAN reported it will face a significant CAPEX obligation through 2025. Secondly, QAN is focusing on its customer satisfaction, which the market takes as being a sign of concern going forward.

So, it really depends on whether you think QAN is the glass half full or half empty. Tomorrow will be interesting because it's a Friday, which is a lot more sentimental than a Monday.
Green or red close? We'll see.

For disclosure, I hold and bought a little more on the dip.