Ah the audited accounts for each part of the business - that old chestnut. At the end of the day, if QF pay for something on JQ (or vice versa), it will show on the accounts for the whole Qantas Group. Conversely, the group benefits from the strength of both flying businesses, as well as all the other businesses which don't seem to cop as much flack on these boards.
Yes, QF mainline get great yields, but with the operating cost reductions from the 787, it makes good sense for JQto get the aircraft first, as it will then give them a greater yield. Remember that yield is revenue-cost, so if the cost is lower, you get a bigger slice of revenue.
At the end of the day, both QF and JQ will get 787s and it'll all be apples.
