Kremin,
So we have reached some common ground QF international load factors around 83% and Jetstar international around 78%. My objection was using a figure of 86% for December when impacted by A380 issues.
Skyscanner,
Why on earth would you add back $1bn in depreciation for mainline? Capex per annum is running at $1bn and for management accounting purposes you should deduct another $1bn for cost of capital.
MF,
Yields may indeed be up 11.7% ytd but only since they fell 20%+ in the prior year. The previous year was a catastrophe, yes this year is better, it doesn't make it good.