So is it "likely negligible revenue", or does it "provide valuable feed into the domestic network"?
The feed may be numbers of passengers, however what is evident is that whatever the Operating Cost reduction from withdrawing from Europe, the corresponding Operating Revenue reduction was at largely the same magnitude. Any code share revenue which Qantas claim 'commercial in confidence' was negligible. The improvement ought have shown up in the Total Revenue, no matter to which revenue line it is assigned. It doesn't
The financial statements are there, you can access them and deflate the Operating Revenue(Total)yourself.
As is all the ACCC documentation, and indeed BITRE data. Qantas lost many hundreds of thousands of passengers abandoning Europe via Hong Kong, Singapore and Bangkok.
The Frequent Flyer business other than a marketing and database for sale
requires a tangible International Network. Australian Qantas FF members were not so enthused swapping points for groceries; so Qantas needed to be careful in that the did not signal complete withdrawal from Europe.