66305, for your first post since 2012, I have got to hand it to you.
Appreciate the perspective.
We have no control over a non COS item, you are 100% correct.
KA in my humble opinion has been limited by CX ownership, not just freight side being shut down, but the pax fleet lost serious expansion momentum too, the AUS expansion that was stopped immediately springs to mind. The only investment in a decade has been the Turkish airlines paint job, but you are spot on, the oncarriage both ways is significant, and supposedly will increase now that we are looking less KA and more CX according to Ivan. Lets see how that works out. "Change is in the air" or so he says.
But a genuine thanks for your perspective and balanced view.