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No, they don't get 'paid' for the points at the time of redemption, the money is received when they issue them (if issued to a third party that paid for them). That money is not able to be fully accounted for as revenue when received. Profit and cash received are different - as are the timings.

Redeeming may result in less profit than breakage, but only if the costs associated with the redemption (costs to earn the revenue received in advance) exceed the costs associated with breakage. Assuming the costs or breakage are zero (or close to it), then less profit would be made from a...

Not at all. The accounting for points is convoluted, but profit accrues to the books at both earning and redemption (each being a part of the income). At the point of issue, a portion of the money received is taken to profit (IIRC attributed to marketing or the like), The rest is accounted...

Unlikely to get more points - the sweet spot relies on large bonus point offers - not the points per dollar. Try to resell is not so easy - you really need a liquor license to be doing that.

Total elapsed time, or block to block? I assume parts of both would come into it. Either way, makes it around the $1m order of magnitude for SYD-LHR. Assuming that there would be costs for repositioning as well, would make it even more than that to do two one-ways some time apart.

And a lot of unhappy shareholders. That is not how yield management works. The biggest earner is the premium cabins - and they keep the fares high. If everybody knew that they would release all unsold seats at the last minute, a whole lot more people wouldn't pay, and would wait - with yields...

I think your maths are way out. A single Y sale fare may go for $600 base, but they don't sell the whole lot at that rate - it is a mix, and the filed fares (for return) SYD-LHR state at around $1,600 - so $800 one way. I suspect the blended rate spread across those 341 seats is much closer to...

People have all be caught up with the aspirational marketing. The whole point from the original FF perspective was to offer up distressed inventory (seats unlikely to be sold) to loyal flyers for points. The occasional unicorn notwithstanding, those desirable seats are now all being sold for...

If they have it open, then good to go. That said, at $58pp. the basic QP lounge is not really worth it. If you have checked luggage through, much better value hitting a coffee shop at DFO, or even consider Day Stay & Refresh - Ibis if you are after a shower.

If you do need to purchase points - an excellent strategy - buying top up points from Qantas costs in excess of 3c per point - getting the right bonus point deals (ignore the wine, just look at the bonus points), depending on your points earn on the actual purchase itself can come out at just...

There are two factors to be considered here: UK departure tax. This is considerable (especially for any cabin other than whY). This is charge on any flight departing UK (with some minor exceptions), unless the passenger was a transit passenger (so not a stopover). Origin - Destination...

You need to be aware that the Qantas email to allow purchase of access is only sent 3 - 5 days prior to your flight, and is dependent on time and expected capacity - so may well not eventuate. Any other purchase methods are likely to be in contravention of the terms of the lounge pass.

Actually the reverse. UK has expensive departure taxes - avoid flights FROM UK - into UK is fine, no issues.

This. Platinum charge earns 2.25 points (except government and a few exceptions), and allows credit against purchases at 0.5 cents per point, so 1.125% cashback effectively. Unless interchange rates increase (and surcharges and merchant fees likewise), this is about the top of the possible...

But has anybody read the actual benefit? You will notice that it doesn't actually define what priority actually is. Is it an entitlement to low priority (behind everybody else?), or simply priority with respect to the cleaners at the other end? QF are delivering on the letter of the promised...

And it is the last point - pay that comes into it. People have become used to online purchases direct with the airline where you pay immediately. But many fares, especially when booked via a TA don't need to be paid for considerable amounts of time. There is also a lag between booking and...

On the same cynical note, and considering also the mix between domestic and international. Is the 5 million number the count of what is redeemed, or what is made available? The number of available could be vastly increased if every unsold domestic economy seat was made available as X class 31...

Agree - you will never get the details. A Perceived Customer Value will be an esoteric mix of all sorts of things. Amount spent on flying may be part of it, but perceived profit on the amount spent is much more likely to be what is considered. Someone dropping $15K on a return J international...

Or open accounts for family members who fly a few times, and have since passed away, but the FF account still exists,

FWIW I have given up on row 4 some time ago. When flying with my partner (WP and SG), have had a much better experience and hit rate just selecting window and aisle in Row 6 (provided the middle is empty). So far 100% hit rate of spare middle (and sometimes only one or two empty seats left on...