Well just fly those couple of sectors and be done with it! I reckon a trip to AKL on a red e-deal should put you over the edge.
Now don't be so harsh on those toasters. Some of them can even toast 4 slices of bread!
There are some sweet spots with QF supposing of course you can find the coveted classic business award. Like anything in life this takes a fair amount of research and some flexibility when it comes to routing and dates of travel but you can get good value out of QF points even if they are a bit harder to use than say SQ or AC miles.
Given they went through a pandemic which largely forced them to become a small Australian regional carrier for much of 2020 and 2021 the stock performance ain't that bad. What I will point out and keep pointing out is you can't be this profitable and keep investors happy unless you satisfy your customers and for that I would argue Qantas does a fabulous job. There are way more satisfied customers with Qantas versus Virgin and many other carriers.
-RooFlyer88