Heya there ThornedRose!
This is a wonderful second draft (yes, I read the first one). But, to the review.
I don’t know what Elisabeth thought, but I desperately wanted to become Queen.
Why did she want to be queen? Give her a reason.
“The Prophecy?” I asked curiously, “Are you the situation is going to be that grave, your majesty?”
Nix the comma after curiously. You don't need it there. Also, I believe you forgot to add "sure" into the sentence

I was absolutely sure she was going to become the Queen.
She? Is she thinking of Elisabeth?
I saw Demetrius’s hut straight below me.
This is rather telly, dear. Spice it up a bit! Was it nestled neatly beneath a clump of pine trees? Was it in a swamp, surrounded by stink weed?
I continued as she twirled a strand of her tree-bark colored hair.
You switch point of views here and...
put her hands on Demetrius’s shoulders and kissed him happily.
here

“Elisabeth.” He said duly.
It should be: "Elisabeth," he said dully.
“Dinah, what’s wrong?” he asked.
Is he flying too? If so, describe the way his wings are flapping, or his facial expressions. He is quite blank. I have no idea what he looks like.
~~~~~
Description~ You could add some more description into this piece. Your work will defiantly flourish with a little more imagery
Characters~ Elisabeth and Demetrius are quite blank. Perhaps you should describe them more. Dinah seems quite childish to me. Sure she'll be disappointed that she didn't become queen, but does she really have to get revenge? Then again, there are many petty people out there. But perhaps, explain to your reader why she was so disappointed and why she wanted to be queen so bad.
Puncuation~ I noticed throughout this piece you wrote sentences like this--these are my own examples:
"Susy! You can't just run off," I shouted, "You're being childish!"
You do not need the comma after your dialogue tag. It should always be a period.
Overall~ A very interesting story so far. It just needs a little more description and some more character development. I know it's onyl the first part but still. Also, watch out for your POV changes
If you have any questions and when the next part is up, PM me.
Meadow