Jetstar’s single 787 cut is about the business not the jet
The news that Qantas has cut one firm 787 order from the 15 that Jetstar is due to receive starting mid year has nothing to do with the Dreamliner’s current grounding.
It is all to do with whether or not the Jetstar model for long haul flight is a success or a dud. And, in a minor way, it is also about a timely trimming of a capital expenditure item from the next financial reporting season.
While it is wall to wall angst over the Dreamliner grounding in the bigger picture, Qantas and Jetstar are locked in a destructive fare war with Virgin Australia and just about everyone else, and shareholders in Australian carriers in general are likely to get hurt badly.
It is far from certain that the 787 issues are anywhere near the top of a list of the ten most urgent things Qantas, or Virgin Australia, have to deal with at the moment.