Bare in mind that government bailouts come with strings attached, such as no dividend payments which is the case with the Air NZ bailout, which Joyce wouldn’t want.
$4 billion in cash and loans and now the government subsiding their wage bill to the tune of $45 million a fortnight for at least the next 6 months, I genuinely think QF think they can ride this out without government intervention.
I read in a article that qantas’ leasing bill is $300 million a month, which would suggest to me that they can last the distance, not sure how reputable that figure is though.