What action should be taken after releasing the wheel brakes in case of braking loss?

When dealing with braking loss, the appropriate action to take after releasing the wheel brakes is to re-apply the wheel brakes as required. This step is crucial because re-applying the brakes can provide additional stopping power when experiencing a loss of braking effectiveness. It helps to assess whether the brakes may still function to some degree and can assist in managing the aircraft's speed and ensuring a safe stop.

In the context of aircraft operations, especially during critical scenarios such as braking loss, maintaining control and taking corrective actions quickly is key. Re-applying the brakes allows the pilots to evaluate the situation closely and make necessary adjustments based on the aircraft's response.

Other choices involve actions that either may not be relevant in this specific situation or are not immediate responses to braking loss. For instance, setting the anti-skid to OFF or applying maximum reverse thrust may not directly address the braking issue at hand and could complicate the situation further. Communicating with air traffic control is important but should be secondary to taking immediate actions that ensure the aircraft's safety on the runway.