Not interested in the past or whether or not governments are...

Not interested in the past or whether or not governments are keeping them afloat, as long as it remains unchanged. For the record all businesses got assistance through covid. Your last issues are not of concern. ACCC allegations were crap and showed that they don't have a clue about this industry. Other settlements are minor at best.

QAN competition is struggling. Margin will be impacted by allocated $350 Mil to improved service and I doubt that they can continue high flight capacity %. Hoping that more flights and folks flying may offset this margin reduction. If they can deliver on guidance with a good, not great result will provide confidence that the current PE < 7 is low and the SP should continue to head north.

Hope that helps.