The load factors and yields to Singapore especially, and to a lessor extent Bangkok and Hong Kong on QF are extremely appalling at the moment. They need a flight through Asia to Europe otherwise they are clutching at straws. The SYD - NRT flight is performing strongly, even with gas guzzling 747's but there are good onward connections with JAL and Japan is at least a joint people want to visit unlike Singapore. Emirates have cleaned up on this deal...well thats not unexpected I guess..