Cost reductions lower our profit estimates but should lead to improved long-term outcomes.

Qantas’ budget brand performing well, with segment earnings up 55%.

a2Milk announced an acquisition and a divestiture as it aims to take a bigger slice of China’s baby formula market.

Bapcor signalled lower underlying profits for fiscal 2025, while an audit cast doubt on the firm’s past earnings.

We think Virgin’s offer price reflects benign industry conditions that are unlikely to remain so good forever.

The changes come after the carrier winds up the Jetstar Asia division.

This wide moat share is trading at a 17% discount to our fair value.

A concerning combination of Chinese manufacturing and US sales.

Market share gains in improving trading conditions.

We raise our fair value after strong results but shares are pricey.