@ProverB - True... but what is critical is PLFs for airlines ask a jamaa @Horton...
Where is @Horton anyway?
Many airlines break-even at a certain Load Factor (% of the plane being full)... so anything after that is (almost) profit...
I think KQ's average break-even LF is 67% [these varies a lot due to multiple factors] so when PLFs exceed 67% by large margins then KQ profits will soar...
BTW, I fly KQ & often my flights are chock-a-block... Of course, not all flights are like that...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett