That calculation makes more sense than your previous one but...

That calculation makes more sense than your previous one but even that consensus will not have taken into account the positive effects of the $1.1bn that will soon be available to VAH.
I guess much will depend on what VAH will do with all that cash but if they are going to pay down some/much of their debt then I would like to think that the 108m npat should be at the lower end and that my $215 npat or even more should also be possible.
See also:
https://www.investsmart.com.au/shares/asx-vah/virgin-australia-holdings-limited