Qantas to No Longer offer a Points option for Loyalty Bonus

[TeaKozy]

I’m guessing it’s just a cash saving, as even at a low valuation would be about $80.

Probably. The cost of redemptions has been trending up (no doubt triggering the recent deval also).

FY23: Liability A$3.180 bn; points outstanding ~252 bn → ≈ 1.26c/pt
FY22: Liability A$3.113 bn; points outstanding ~250 bn → ≈ 1.25c/pt
FY21: Liability A$3.013 bn; points outstanding ~246 bn → ≈ 1.22c/pt
FY20: Liability A$2.817 bn; points outstanding ~243 bn → ≈ 1.16c/pt

Assuming 10,000 were to take the points, you're looking at ~$1m. Hell of a lot easier to remove a redemption option that remove an olive.

I've no doubt they expect the point's sale business to be significantly affected by the RBA's decision to ban surcharges and that all aspects of the business are being looked at.

 

[nancypants]

I doubt it's the stupidest, VA are still front runners there with this years status changes

Stupidity has also been enhanced