There is almost certainly a kernel of profitable routes for the B737s, just as there are routes that have just been cash incinerators. There may be a play by exiting some routes and increasing frequency on others.
They don’t have any real stability, it’s been an issue and they have done nothing to address that. Have a look at the fleet in the air now, GDS is showing roughly 50% loads for the 7 NGs up right now. Transcontinental Perth not looking that flash.
Watch ancillary revenues start to appear. Basic Economy would be a start, bring the price down, watch the loads jump very quick.
Probably best to get Deloitte in while LKH is not holding the power. Not someone I can imagine working with such people. Just imagine lol.