Question 1: What category of business is Qantas Group? Support and explain your answer using both qualitative (i.e. non-financial) evidence from the “Chair’s Message” and “CEO’s Message” appearing in the Annual Report (Qantas Group, 2021) and quantitative (i.e. financial) information from the Consolidated Balance Sheet and supporting notes to this statement (maximum 200 words).

 Question 2: Read the “Chair’s Message” and “CEO’s Message” (Qantas Group, 2021). Imagine you are an investor who is considering whether or not to purchase shares in Qantas Group. What do you think is the one most significant point mentioned in these pages to help with this decision? Provide evidence to support your choice (maximum 200 words).

 Question 3: If you could compare Qantas Group’s financial performance and position to one other ASX listed company, which company would you choose? Be specific and ensure you provide reasons to support your choice (maximum 100 words).

 Question 4: The following quote, regarding Qantas Group, appeared in an article in news.com.au on 26 August 2021, titled “Qantas results 2021: Financial report reveals $1.83 billion loss during Covid-19 lockdowns”, found at: https://www.news.com.au/travel/travel-updates/healthsafety/qantas-results-2021-financial-report-reveals-183-billion-loss-during-covid19- lockdowns/news-story/967322ec7781d24e3c334f70f5bb9889 In what has been a horror 18 months for the global aviation industry, Qantas has revealed a staggering $2.3 billion loss before tax amid the ongoing COVID-19 global pandemic which has decimated the tourism industry. At the underlying level, the airline’s loss was $1.8 billion — a figure exceeding expert predictions. Consider the quote plus the financial statements (and supporting notes) from both the 2021 and 2020 Annual Reports when answering the following questions. (a) Why are there two different losses? Which figure can you find from the income statement? Justify your answer with supporting information from the financial statements. Do you think which loss figure shareholders would be most interested in? Be sure to provide supporting discussion with authoritative evidence to justify your decision. (maximum 300 words) (b) There are a number of ways to measure the financial performance for an organisation such as Qantas Group. Using four ratios, compare the performance of Qantas Group in 2021 to that of 2020. Which year appears to have the better performance? Why?Ensure you justify why the ratios you have chosen are the most relevant and ensure you analyse the results, don’t just describe the ratio values. (maximum 700 words)

 Question 5: (a) Identify what you consider to be the one most important operating capability ratio for Australian largest independent air freight services business and justify why you have selected this ratio. (maximum 200 words) (b) Using the ratio identified in part (a), compare operating capability for Qantas Group from 2021 to 2020. Which year appears to have better managed operating capability with regard to this one area? Be sure to analyse and explain why, not just describe the ratio value. (maximum 300 words)