Does this trend (airlines just releasing reward seats to their own members or other preferred customers first, much less/none for their partners) start to significantly degrade Virgin's FF offering compared to Qantas for people seeking long-haul business class redemption?
Only time will tell on this one. Perhaps this was all a fluke and in a few weeks we're back to the usual close-in availability in business. Where I see value with Virgin is it requires less points and the carrier surcharge is also considerably lower (if any). The other problem is that Air Canada tends to be stingy in releasing saver business award seats too which is an obvious routing to get to the United States.
The other thing to consider if United business becomes a thing of the past on Virgin is that it takes away a lot of routings to South America and Europe from Australia (yes there are some who fly Europe via the US from say Sydney). Sure you can fly Qatar to Europe or Singapore but the surcharge will be higher.
Qantas at least has its own flights to the US, Europe, and Asia. Virgin's counter is its got wet lease/part ownership with Qatar and ability to transfer to Krisflyer.
Yes although Qantas operated award flights are hard to find. On my last flight from Sydney to LA I had to use the Platinum line to get a J seat released on the date I needed to travel.
But overall, if you want to grab business rewards to the US now with Virgin there are none available at all; while Qantas does offer them on its own aircraft, over which it has full control of inventories .
My experience has been that yes you generally can find availability, particularly close in availability with American on Qantas between the Americas and between Oceania and the Americas. Although I would be remiss if I didn't point out the lack of LATAM business availability between Oceania and Santiago. At the same time the increased carrier surcharges remove some of the benefit of booking with QF.
I ask as someone that is mostly accruing Virgin points considering moving across to Qantas.
Having been in the frequent flyer game for some time, my suggestion has always been to diversify your collection of points, irrespective of how good a program has been to you. I hold no allegiance to Aeroplan, or Virgin Australia or Qantas for that matter. I rack up the points when I can and where I can as it is convenient, and then figure out the rest when I want to book. Sometimes that will mean Qantas is the clear winner whereas for other bookings I have it may very well be Virgin. There will be opportunities for you to make excellent use of your points irrespective of the program. Just keep collecting so the points don't expire!
Without Platinum/Platinum 1 on QF, I think it’s extremely hard to reliably redeem QF points on long haul in J.
This has not been my experience at all. Yes if you have a very specific day in mind and are booking ahead and you are travelling long haul on Qantas, then it can be an issue finding that availability. However, if you don't mind flying partners like American Airlines there can be some pretty good value. For instance, a colleague of mine redeemed Qantas miles not too long ago to fly between São Paulo and Washington, DC in business for around 90,000 points and $50 USD in taxes and fees each way. On the way there they are flying AA flagship business and on the way back they are flying LATAM Business. Both good products, and a decent price to boot too!
Now with the QF devaluation, I think VA points are worth more than QF again. SQ and QR at least have J seats for redemption 8-11 months out if you’re organised enough. These can often be booked with VA points. The proposition is further boosted by VA having wet-leases to DOH now.
Points of any frequent flyer program have no value and no meaning without any context. You need to have a specific booking in mind to be able to say whether a particular program is good or bad. Spending 118,000 Qantas points to fly Sydney to Brazil in business class on LATAM is an excellent deal in my books. Yet some people will rightly claim that an 80,000 point Classic Plus business redemption between Melbourne and Brisbane is poor value.
With UA blocking inventory to partner airlines however, using VA points to US is significantly more challenging. Your best bet to the US would be to redeem VA miles on SQ, followed by QR, or NH if booking on short notice in an off-peak season.
And again to reiterate, we don't really know what is going on behind the scenes. Right now it is all speculation. There could be a big reordering but I suspect any reordering won't result in United business awards being as rare as Air New Zealand business class awards (last seen January 2022) across the Pacific.