Will QAN survive?, page-106

Reasons (IMO)

Dedicated domestic market;
opportunity to expand international - ie bubbles;
significantly reduced cost base;
Govt support - jobkeeper, subsidies, ex patriot flights, freight, etc;
Freight business;
duopoly market; and dont forget the golden goose
Frequent Flyer.

IMO the borders will open soon, allowing for the above to occur.

Your numbers are historical and including an inflated cost base - which doesnt exist IMO at this stage.

Lastly - as a backup - Qantas still have access/availability to capital in the form of other planes as well as cap raising and even selling FF.....if they really had to get to this.

Adding all this up - IMO - will mean Qantas of course will survive. The level of profitability, however, is the real interesting question...