Keg et. al. - it was not me who stated the bit about the freight issue, it was the stats quoted, something like 50% down for ANZ and 30% for QF. However you look at it, if you lost half of your freight revenue to a competitor you'd be pi55ed off. Presumably business plans factored in anticipated freight loadings. Emirates have been accused of seriously undecutting to get big contracts, and there ability to use SIN as a hub, means they have not only taken trans tasman freight, but also long haul stuff.