https://www.stuff.co.nz/travel/news/...-boss#comments
Is this reported right or fuzzy logic? I believed business class margin provided the underlying profitability/cost recovery of a international flight historically, therefore it also subsidised the price other seats could be offered on a plane. So if their demand falls for business class then to maintain a profitable flight the margin needs to recovered over the others seats...
Still 2-3 years away a new normal...if that is the industry expectation, may explain the delay on capital raising...