I remember Tiger Singapore said Perth was one it’s best performing routes profit wise. Yet Jetstar said it was one of its poorest performing. They have had issues making much in Asia work for a while now.
The restructure cicra 2009 cost Qantas a lot of money. A token resident "majority" owner in Singapore, yet all invoices lead to Coward Street.
Over a decade of no tangible profit, other than some window dressing leases to cover substantive operating losses.
Grand strategy right there.
The Singaporeans quite rightly laughed them out of the place.