Worth What / Struggling / Woodeye (you are all one and the same it seems)
There is zero chance of Jetstar being separate listed an sold. This is because to do so would expose the actual state of the JQ groups finances and more importantly cut off the QF funding lifeline as well.
Regardless of that also, it doesnt suit Geoff Dixon's purposes either. Have a look at the ultimate owners of Orange Star holdings. Hmmmmm.
Regardless of the anti union crusade, Joyce's current plan will fail because it doesnt address three fundamental cost issues of the Qf group. Namely:
1. Qantas has the highest number of staff per airframe (143) of any carrier in the world.
2. Qantas has the highest management and administrative costs of any airline in the word (from the annual report, and an extension of point one also)
3. Specifically, many positions within this administrative and management structure are paid significantly more then their peers in Jetstar, and indeed in other 'full service / legacy' airlines.
After watching this sorry saga for the last ten years, the only conclusion I can draw is that the argument is not about costs.
Its about super sized egos, hubris and get square.