Let us summarise: Firstly the EK tie-up is best described as a "Cashless Takeover"
1. Long-Haul Low-cost hasn't worked since Freddy Laker was a young man
2. 65% market share is exactly that market share, no profit maximising, if that was the case we should see record profits and dividends(not unlike ANZ)
3. Full-service carriers earn 2 to 2.5 times the revenue than a low cost carrier that is why everyone is eating Qantas for breakfast.
Game, Set and Match!
Well done AJ!