There is not a snowflakes chance in hell that J* breaks even at 43%, unless they are acknowledging that QF pays for all their aircraft and equipment costs.
Prior to Covid J* was hovering around 86% LFs with 9% margins on that magical EBIT rubbish they use to prop up non performing businesses. "Oh we would be profitable, here look here's a number of how much profit we would have, had we not been in a loss...." If J* was indeed doubling its break-even numbers why are they not at 20%+ margins even domestic with lower average LFs has a higher margin throughout the same time at around 12%. Are they saying that while J* is extremely efficient in flight operations they are somehow squandering millions in profit to non operational matters?
Last edited by 43Inches; 29th Jan 2022 at 21:55.