438,
See interim financial report p19, corporate costs are reported separately from Qantas and Jetstar. I don't know for a fact but I would imagine treasury and AJ's salary are included within corporate hence not allocated to the operating divisions.
I appreciate that some won't believe it but I am trying to be objective. I could choose to sell Qantas shares today if I thought they were overvalued. I think that gives me more objectivity than if my family income was paid by Qantas and if I moved elsewhere I might need to take a 40% pay cut. Some valid points have been made, I am intrigued enough to take a closer look at whether some J* long haul flights have such low load factors that they must be heavily loss making, but some of the other comments are poorly informed and deliberately misleading.