Also need to factor a reserve crew allowance for each flight. The figures quoted at 400 pax I assume is a 747 as a VOz 777 only carries 350, of which you could only guarantee a 70-75% load factor for international ops and an A380 crew would be paid a lot more.
So revenue on an average load of 75%, 777 would be closer to $265,000.
Adjusted for reserve availability crew cost would be at least $600p/h or $6000 the sector and they are now 2.2% of income.
Factor in Flight atendants, engineering and support staff and labour still comes in at less than 20% of costs.
It doesn't matter what percentage of the equation you are most airlines make poor profit compared to income measured in tens of millions against billions changing hands. If it was that easy to charge a few extra dollars and make millions it would be done already. And the moment you do someone starts a new cheaper airline to undercut you claiming they are doing you a service. Fuel surcharges work because all the airlines do it simultaneously.
If you do some similar numbers for a SAAB, about $6 per fare covers the pilot wages.
Are those numbers on a full SAAB or the average load factor for Rex which is closer to 60%?
Another way to put it is Rex made $24 million profit last year, if there are 300 pilots and you paid each an average of $10K more than it would cost at least $3.3 million (including super) $20K $6.6 million and so on... at $20k each you would still have made $17million profit.