Melb - Syd and Melb - Perth number 1 and number 10 routes globally by revenue yet Rex couldn’t make a buck with only 2 incumbents.
https://www.linkedin.com/posts/arif-...ium=member_ios
The Top Revenue-Generating Routes in 2023
As we can see, domestic flights comprised six of the 10 largest revenue-generating flights, with Sydney to Melbourne ranking first overall, at $1.21 billion.
In fact, this route is earning more than twice that of pre-pandemic levels, even as the number of passengers declined. The flight route is largely dominated by Qantas and Virgin Australia, with Qantas achieving record-breaking domestic earnings margins of 18% in the fiscal year ending in June 2023. Lower fuel costs and soaring ticket prices were key factors in driving revenues.