However, Jetstar, unlike its US cousins mentioned above, is kept considerably more at arms length and as a result does not see the cost migration from QF to the same degree as happened at Song, for example.
Song wouldn't have had that problem if they got Jetstar accounts to do their bookkeeping.
If Jetstar was accounted accurately and correctly then it would have had the EXACT same problem as SONG, TED and every other airline that has started a low cost model. It's just that Jetstar got QF to pickup the tab on just about everything and then run around saying they're a independent airline.
Remember when it's good
PR Jetstar's an independent airline, when Jetstar break down/screwup/nearly kill everyone it's a 'QANTAS group airline'.