I would think QAN earns most of it profit from the domestic market.
Their international segment is toast so reduce flight might even do them a favour. Less flight and act as a travel agent on the international sector.
Does emirate capacity remain the same ? Qantas gets a cut for each passengers put onto emirates too and their 380 loss money making machines aren't flying as much so there won't be that much loss on its international sector.
welcome to the middle east, page-5
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