those were tickets booked and paid for in 2007. Forward bookings have taken a huge hit, the next 6 months esp summer in northern hemisphere will be noticeably quiet and in fact Autumn and winter northern hemisphere will really see the effects as the bookings from Jan 09 to date shows a huge huge drop. Why do you think the company kept saying they are losing money on all American and European bookings? Esp pacific route. No one is making money on that route, in fact Qantas had lose the most money on that route.
You've been busy serving upgrades from points and staff travel, all non revenue generating seats.
Let's not also forget the European courts fine that will top Billion in Euros plus interest coming to a cinema near you. Qantas scrambling to find cash. Like it or not might have to do a fire sale on frequent flyer business.