The ASX is facing one of its biggest reporting season tests this week, with some of the market’s most highly valued companies set to reveal results, including buy now, pay later darling Afterpay.

Afterpay is the highlight in a week stuffed full of companies where investors are anxious to understand the exact fallout from the COVID-19 pandemic, with airline Qantas set to post a loss of $1.09 billion before tax on Thursday.