With the release of QF annual profit figures today $A1,032 million, I was wandering around the QF web site and found this very intresting peice of info.
On 1/8/07 Geoff Dixon, CEO QF Group, addressed the National Australia Press Club. NPC addresses range from the earth shattering to the very boring, this one was in general boring except for this gem:
"Internationally we also face new levels of competition with Virgin next year coming on the Pacific, one of our most profitable routes, although I must say not as profitable as most commentators seem to think! Just for the record, the U.S./Australia route does not contribute 30 per cent of our profits, the figure is, in reality, less than 15 per cent."
So the Pacific routes contributed about $A155 million to QFs profit! At last some (reasonabley) hard data on an airline route profitability!!!