Not sure where the doom is coming from, Rex is breaking even this year, a few managed cancellations is not going to affect that much. Flyers don't pay for tickets at the gate so empty airplanes just get cancelled, tickets deferred, money is in the bank, this actually helps operators with low LF as the passengers are then combined onto flights later with more paying passengers for a higher LF. Its not like they are losing $2 billion a year at the moment,or are coming out of insolvency.
Yep, passengers love cancellations; it's such a guaranteed method for long term success I am not sure why QF and VA don't do more of it. Plus, you can just not pay leases, staff, crew, insurance and all the other fixed costs, right?
Rex are bloody champs!