Wingsapr,
Just to clarify, QF is effectively Qantas Flight operations as distinct from the umbrella company Qantas which set up and owns Jetstar. QF and JQ are two supposedly independent companies owned by the company Qantas.
Pedantic perhaps, but central to understanding why JQ as a business unit must account for its costs.
I believe the new Chairman has been having a very close look at the real figures and as with any other company we will never know or have any right to know what is in confidential accounting books. Speculate all you like but that sought of stuff is truly commercial in confidence.
We may get an indication of JQ's true worth to the company over the next year with the Chairman and CEO seemingly reversing the balance of power which existed with the previous duo. This combined with events in the world economy I think all in Oz aviation are set for interesting times.