Hi Neville
Always enjoy your posts.
Agree completely with your last statement - can't see how they can make money.
The idea is to LOSE as little as possible but establish the beachhead for SQ to head off in whatever direction(s) they so choose, THAT's when they'll make money.
If they ever do get on the Pacific routes the level of service they provide will cause QF one hell of a headache; time will tell regarding
VB Intl, doubt thay have any real idea of what their In Flight Service will be and any plans they have now will be revamped many times before any 777's are in the air.
Like pornstar the tiger operation will be well supported by the parent companies and the figures in the books Vs the day to day reality of their operational costs will be two very different and incompatible sets of figures.
They know that, we know that, they know that we know and the general public doesn't give a stuff - all they want are the cheapest seat costs and don't care what lies, distortions, half truths etc are trotted out to achieve the result.
If nobody else would be nice to think the ATO at least would be interested in how the figures are put together!