Qantas are looking to exit from Jetstar Pacific in Vietnam. They are probably looking at a period of consolidation and belt tightening in preparation for the post COVID-19 era. Divesting themselves of loss making foreign ventures is likely to be high up on the agenda. Jetstar Asia in Singapore have suspended flights until 19 May and might not be too far behind. What is Jetstar Australia's place likely to be, as mainline will certainly make sure they are looked after first ? With Virgin likely to be a shadow of their former size if they survive at all, and excess capacity from reduced international flying, JQ might be inline for restructuring.
A future JQ could be an important part of QF, catering to a new era of very budget minded passengers and also keeping any new airlines from being too profitable. It could also much less important with the competition crippled and reduced mainline international flying leaving spare capacity. If Virgin go under and there is no replacement it may have to be spun off to prevent QF having a monopoly.
In any scenario if anything is losing money, be it routes, bases or subsidiaries it will be on the chopping block.
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