Figure out who got the better deal? Jetstar operating A330s to Europe is all in the future and may or may not be a licence to print money. Australian traffic to Southern Europe has already switched to flying on Emirates and now Etihad - I think Jetstar has been scratching their head about how to serve Southern Europe for so long that they are leaving it too late. Routes to India already have so much capacity. There are new Indian carriers flying to SIN all the time - Kingfisher and Jet adding services. Jetstar tried Bangalore. I think current Qantas group policy is not to duplicate Qantas exisiting services, so not even into Stansted. Surely, even the 787 is not the right aircraft for a low cost operation to London, even if it has the range?
Meanwhile, Tiger has been in Australia for five minutes. On SYD-MEL they have come from nowhere to nine times a day. If they make friends with Brisbane Airport, they can start to build up the daily frequencies on the important short haul routes in SE Australia. If they start to sell day return business trips to people who travel at short notice, they will make money now, not in a few years time. If Virgin Blue feels the need to reinvent their inflight service, guess what, Tiger can do that as well, accepting that they want to keep things simple. Remember Easyjet is now an accpted way of travelling for business meetings.
Australia may be a country with only 21 people. It happens that Adelaide (1m), Brisbane (1m), Melbourne(3.5m) and Sydney (3.5) have 9 million of those people within an area the size of France. The distances are just a bit too far for Very High Speed Trains to be competitive. So, once Tiger have got the frequencies between those four cities, and add in Perth they should be happy. If they keep their fares at a nice price, there will be some cost conscious business travellers who will be able to fly more often.