Qantas' loyalty division pushes back earnings growth target by two years

  • 📰 Reuters
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Qantas Airways Ltd has pushed back the earnings growth target for its loyalty division by two years due to the pandemic's impact on the business, the head of its frequent flyer business said on Wednesday.

FILE PHOTO: The tail of a Qantas 747 jumbo jet, is pictured before its departure, as Qantas retires its remaining Boeing 747 planes early due to the coronavirus disease pandemic, at the Sydney Airport in Sydney, Australia, July 22, 2020. REUTERS/Loren Elliott

The airline now expects to achieve its target of A$500 million to A$600 million of annual underlying earnings before interest and tax in the financial year ending June 30, 2024, Qantas Loyalty Chief Executive Olivia Wirth told a CAPA Centre for Aviation event. It has been creating new ways for members to earn points from financial services companies and retail partners, which pay the airline to offer points to their customers. Qantas’ frequent flyer programme has 13.4 million members.She said two-thirds of Qantas frequent flyer points were earned on the ground, which includes credit card spending.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ra ☀️🔺👁️👌 AGod:G*tünden sçyolar A OP sizi İrem Aynur şarkılara sklmişler siz kimi neyle sınıyosunuz öyle a a gibi yanık deriyle kalın bakalım a kvaşeleri sizi

thanks for this news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines