I'm not sure where the notion that the Australian domestic...

I'm not sure where the notion that the Australian domestic market is going to recover is necessarily correct. A significant proportion of domestic travel is still overseas tourists. A large number of Australians won't be in a position to resume travel.

How is a return to profitability possible when Virgin's passenger yields are consistently below Qantas and will drop further given there is now an added sustainability risk. The fact is Qantas has outmarketed Virgin and Australians have a love affair with Qantas and will generally fly Qantas unless the fare difference is significant. The Virgin brand in Australia is the second choice and I don't see that changing.

Qantas will have sufficient capacity to operate the Australian domestic network post COVID without additional fleet for I would expect at least 2 years. Eventually the Australian travelling public will become receptive to a new player who will come in and may or may not be successful in breaking the Qantas monopoly.