Yes, it is worrying. Total underlying adjustments of $52.45M (including the $12.1M write down) is no small potatoes. The E190 costs $39.3M are also a concern. It doesn't matter how management paint it they will be reporting a loss of $7.1M.
According to the update only 20 of the E190's are in service, with a further 13 to be in service by January 2023. This at variance with the deployment scheduled in the HY22 results presentation:
Ann: Fleet Update, page-4
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