If reasonably high load factors can't be sustained during school holiday period/Easter, then the doctor needs to be called. Put things into perspective: one, Australia/NZ are seen by North Americans as 'safe havens' as compared with Asia and Europe, and two. cancellations of services should push up seat factors on remaining services. This latter curiosity gives punters the wrong view of life.
What are the yields like? There's no point in running high seat factors if the punters are paying next to peanuts. Profit is the name of the game, not high loads that are giveaways, frequent flier redemptions and upgrades. Don't be misled by what you see and conclude that everything's roses. It just ain't!