And the first profit was due accounting practices and over-inflated leases of Aircraft to Mainline.
Your dreaming if you think the ownership % in the Asian Offshoots are actually split profit wise as the share % shows...If this is the case the loses should also be same.
In most cases QF were looking for a solution to their cock-up business decisions and needed help, it was not a charity agreement made from the investors point of view... SIN/Vietnam/HK
Jetstar HK is a recent example. The delayed start has new A320's requiring delivery. Storage at great expence or use as overcapacity airframes, is being billed to the QF group, some Mainline directly.
This must be a great win for China Eastern/Pansy Ho, et al investors with no costs their way.
FFRATS