'holic,
So now based on my previous calculations, at 33% of operating costs a QF Capt is earning $1458 an hour.
Your calculations are invalid because they take no account of the number of pilots employed by Qantas. Your calculation would yield $1458 per hour irrespective of whether Qantas employed one pilot or one million, for example.
I would be happy to work out for you (based on those 02/03 figures) what the "average" Qantas captain is making per "average" hour, but first, you would have to tell me:
1. What percentage of the pilot group are captains? And,
2. What was the total hours flown for the year for all captains?
No need for precise figures. Ballpark will do.