Few things that need to be put in perspective.
Self inflicted airline shutdown $200million
Qantas International transformation costs $376million
An approx $570million self inflicted financial wound. Qantas international did not lose $400million, the management forced it to lose $400million. Operationally per the results its pretty close to breaking even.
Imagine the praised heaped on them when they turn this $400million loss around in only a year!