For pilots it will just mean you are part time or stood down until you are made redundant or bankruptcy which ever occurs first.
I can't see any airline receiving a bail out from government regardless of circumstances.
The only real solution for airlines is for the State Governments to actually agree on not shutting the borders all the time. However it will take some significant financial shock before they are dragged kicking and screaming to that position. We only have to look at QLD, they shut down the State then expect a Federal Government handout. Until they and the general population start taking in the wallet it won't change.