Originally Posted by
morno
So you have no proof?
JQ has a role. The expansion into longer stage length International means that any effective unit cost advantage is rapidly eroded. Add in the inability, due elastic demand to drive revenue growth and the International business cannot generate margin.
Morno, you may recall December 2013, Little Napoleon asking for $3billion AUD worth of taxpayer assistance, only to recant six weeks later?
The reason why Little Napoleon recanted was that Canberra asked them to conduct an audit similar on scope and style to point 1 above (# 20)...Qantas declined.
Interestingly, after a "confronting loss" in FY15, the business was "transformed" the very next year. The loss itself was largely a result of an impairment to the International Fleet (fleet write down). A paper not trading loss.
The "subsidiary" in Singapore is a curious business, Its source of profit isn't selling seats, rather it leases aircraft back to Jetstar. A curious arrangement.
Ever wonder why Jetstar Asia is reported in the Jetstar Group?
Much the same reason that Jetstar international is.