Oh come on, commercial analysis has no place with Qatar and Etihad. Both are government projects solely to increase the profile of their respective territories. Emirates is at least a more commercial animal (see BHX losing the A380) but Etihad and Qatar are not commercial projects. Load factor? Yeah, it'll be fine.
Cue posts about "showing faith in regional flying by not pulling out due to poor loads".
Translates as : "We've got so much money behind us it doesn't matter".