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Hi, Welcome to JustAnswer. You're through to Chris, a Vet based in the UK. I am reviewing your question and will get back to you as soon as possible
I'm sorry to hear this. It does sound like Peanut is suffering from a respiratory tract infection - commonly chlamydia in Budgies. It sounds as if another course of antibiotics is going to be required. This will need to be prescribed by your veterinary surgeon. I would also make sure that he is being fed a nutrious diet consisting of a complete food such as Harrisons superfine or Lafaber nutriberries.
I hope that answers your question? Please let me know if you need any further help or advice.