I am going to try to elevate this discussion and try to give some insight here.....
The issue is not Red Q or Jetstar Asia or a hundred other issues.
The issue is how the Board and Senior Management spend their precious time.
The prime question for the Chairman and the CEO is "what are the critical issues that must be decided by the Board on behalf of the shareholders?"
By any measure, Jetstar Asia, RedQ and god knows what else are immaterial to the Qantas result. They are in my opinion time sinks - you can debate them till the cows come home and they will have not a jot of effect on the annual result.
Meanwhile Virgin Australia is taking on Qantas domestic................
I would argue that there is no effing way in the world that Qantas is going to be allowed to make money out of Asia. Leigh Clifford might think so, but I would disagree and so I suspect would some of Leighs friends. There is no way Qantas can put China over a barrel.
FFS concentrate the Boards attention on what is making contribution, not effing castles in the air.