The higher yielding punters won’t be bothered with the risk to begin with.
Not just the higher yielding punters who will be loathe to stump up money for fares on a "shaky" airline.
That article was full of contradictions...
By comparison, Virgin’s international business lost $75.6 million,
Would a domestic-only airline have the scale to be sustainably profitable if it doesn’t have an international offering, and so can’t attract as many high-margin corporate passengers?
Well they had an "international offering" before with "high-margin" passengers and still lost money on EVERY flight.
You don't need to fly a route, to offer frequent flyer seats over a route.
The Frequent Flyer business is not in administration.
The code share "offering" always makes me laugh. If I am buying a ticket through a Virgin website that will see me on another carrier, then why would I not just book direct with the other carrier. Just like the QF - Emirates mess.