My question, internally, can Q group change the status of ownership/leasing arrangements cost structures assigned to it's fleet making one airline look better than the other ones in the group?
TIMA9X: Any corporate bean counter worth their salt will ask "what do you want the number to be?"
Corporate accounting is appallingly flexible - one can choose what costs/incomes are allocated to various entities/accounts, and at what rates. (There are accounting standards but these are pretty flexible.)
That kind of accounting is entirely legitimate and provides an easy means to produce almost any desired outcome (as long as no dollars get lost along the track). One sets up multiple legal entities (J*, operating companies, frequent flier companies, leasing companies, ...) and report on them separately - now you can choose to report whatever you want.
It's the complete opposite to what the public assume accounting is about - and it's perfectly legal by accounting
