Flying at near of full capacity means nothing. What is required is to fly enough pax at a fare level that produces a PROFIT. If you fly one FC PAX who pays 2 million dollars for his seat, or 2 million pax who pay 1 dollar for their seats, it does not matter, the result is the same, and as long as you are only spending 1 million a day, then you are looking good.
The problem arises, when you have a "full capacity aircraft", that everyone has paid 5o dollars less, per seat, than what it costs you as an Airline, to provide that seat.
But, as I keep saying, in 1989, the PM, Bob Hawke, said that the new pilot contracts "were so good" and "offered so much extra productivity" "that they would allow the Airlines to make HUGE profits in the future"
Funny how not ONE of those airlines he was speaking about exisits anymore
