Rex is certainly onto a winner hear. Bains V2 deal, is not set in stone yet & could still fall over.
Rex can provide plenty of pax, from their regional routes & QF/V2 could give them pax as well (how many places does Rex fly to that no one else does ?)
One of the losers could be regional routes like to Qld ports. Qld govt might have to seduce Alliance to fly at all hours to CNS, TSV etc. Can see some back of clock flying.