I think the decision to get rid of the A332s is going to look very stupid in hindsight, what they actually needed to do was get rid of the leasing and finance for the A332s, and the leasing and finance for the leased B738's and the leasing and finace for the E190s F100s and the ATR fleet.
Whats the common theme here? Leasing and finance. Pre covid-19 many airlines made money flying A330s, B738s, E190s and ATRs both owned and leased - there is nothing wrong with these aircraft - the problem was the earlier decisions about the VA leasing and finance. They had all the opportunities in the world even before Covid-19 struck, pre pandemic, fuel was already cheap so no need to have shiny new efficient aircraft, money was cheap, low interest rates and even further back the higher AUD was a perfect time to buy aircraft.
Post pandemic - the first airline to realize that fuel is even cheaper, wages and staff costs are lower, monopoly airports will have to trim their sails and aircraft leases are cheaper and owning new and used aircraft are all cheaper will get the first mover advantage when travel returns.