Goodness: without allowing for any 'roped off' seats for crew use, that VA plane had occupancy of 27.27 per cent. Disastrous. Donghai Airlines DRW - SZX MK II.
Your first paragraph is accurate. Business travellers pay a far higher median fare on average, not just because of the class in which they travel but also how many need to book closer to departure day.
I missed those QF comments by its CEO but he suggested that it would cut capacity to HKG by about seven percent by using A332s (same as VA) not A333s.
If I'm reading it correctly, he was more definite, pauly7, than saying 'if required.'
He also said A333s would be 'reallocated to routes that have seen growth such as SIN and MNL.' Interesting, and surprising that QF is willing to reduce capacity between Oz and HKG for at least a 'few months', as it wouldn't know for certain, totally, yet what bookings will be like then. It looks to be betting that there'll be no cessation of protests by pro-democracy demonstrators.
In two or three months when BITRE publishes its monthly comprehensive international airlines report, we'll know more re seat occupancy for CX QF and VA Oz - HKG and back.