Ringbinder
Totally agree with your post.
However, in order to complete the story, and to give credit where credit is due, it must be remembered that the original APNG jet operation was actually started with Ozjet, and they operated for APNG for quite some time prior to Our Airline getting involved.
The initial Oz/APNG configuration was a 60 seat business layout (the original Oz business airline model) but this was soon changed to the 100 odd seat configuration due to the demand for the service, with extremely good yield in business on all sectors.
The APNG web page still shows a photoshopped picture of the Oz 732 in the APNG livery.
Unfortunately, I too hear that the APNG/PB loads have dropped significantly (loads of 20 and 30 being mentioned) and I would have to say your reasoning is 100% on the money.
I am afraid that APNG dropped the ball moving over to PB and makes a lot of truth out of the saying, when you are on good thing....etc etc.