Is everyone forgetting that jetstar is owned by qantas, paid for by qantas and has no rights without qantas. Shut down qantas and jetstar will fold inside a year. It is not a cash cow. It makes a profit on paper due to creative accounting and at the expense of qantas mainline. Jetstar's whole international fleet are qantas aircraft. Fold qantas, jetstar will go too
QANTAS won't fold or disappear. The name will be around enough to keep Jetstar going. I'm sure the board won't want to pay themselves Jetstar salaries. They still need QANTAS shares, because there's no such thing as a Jetstar share.
IF QANTAS was to disappear, so do the big salaries. Also, an Australia without QANTAS is one that won't function as well either. The infrastructure of QANTAS within this country is too big for any other airline or aviation company to fill. Even Jetstar.
QANTAS won't be halved. If it is, then Jetstar won't be able to take advantage of QF's leverage in buying power as was stated in yesterday's meeting, and will have to pay higher prices for its fleet. It doesn't have the investment grading QANTAS has. Jetstar actually has zero in anything.
Maybe the government should step in and nationalise the company. Set the wages for the board and stabilise the company in the National Interest. Not in the interest of the self-serving dozen on the board.