The Jetstar conundrum...
With the proviso that its after cocktail hour, I think that the non-sale of Jetstar is telling in many ways. Everyone thinks that due dilligence would reveal that JQ is very much a dependant child still, and is unable to exist on its own. The details of how much monay it bleeds from mainline have always been kept obscured in reports of financial results.
If Jetstar was the amaaaazing business that these idioti have claimed then they would have sold it to themselves and let Qantas flounder. That they didn't and won't shows that they don't believe their own rhetoric. (Along with everyone else)
For years now the only way that Jetstar can compete with Qantas on many routes has been when Qantas abandons those routes.
The initial case for Jetstar kinda made sense, but it is now larger than its natural market domestically, and an open wound internationaly. In a more rational world JQ would be a domestic + Bali & Phuket carrier less than 2/3 its current size. It would still be the carrier of last resort, discounting the excrable TigerAir.