I think Keg is about right on the QF mainline operating loss. What is not ever apparent is the JQ Intl and Asian misadventure losses. Given the various snippets of information from those quarters. I would guess another 130-200 million there. Add in the one-off costs and we get a nice headline custom made to instill confidence in travellers buying a ticket for future travel.
When manure starts to snowball it gets ugly fast.
The only way forward is to replace all of the board and executive and blazon ads and billboards with the old "under new management" ray of hope.