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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Qantas Airways Limited    QAN   AU000000QAN2

QANTAS AIRWAYS LIMITED

(QAN)
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Qantas Airways : OPENS LOUNGE DOORS TO FREQUENT FLYERS WHO SWITCH

11/26/2020 | 08:41am EST

QANTAS OPENS LOUNGE DOORS TO FREQUENT FLYERS WHO SWITCH.

Highlights:

Frequent flyers of other airline loyalty programs invited to fast track their status

Exclusive offer includes 90 days complimentary lounge access

Follows surge in demand for people asking to switch programs

Sydney - Qantas Frequent Flyer is offering top tier members of other airline loyalty programs the opportunity to fast track their flying status when they switch to Qantas.

This is the first time the national carrier has made an offer like this and follows a large number of enquiries about joining the program from members of other domestic and international airline loyalty programs - the consequence of changes in the local market as well as restrictions on overseas travel.

Individuals who hold eligible loyalty status with a qualifying airline program are invited to switch and take advantage of the Qantas Status Fast Track - an offer to earn 100 status credits in 3 months to qualify for Qantas' Gold tier. In addition to helping expedite their status in the program the offer also includes 90 days of complimentary access to the airline's network of Qantas Club lounges and extra checked baggage.

Gold tier benefits with Qantas include lounge access across Qantas and oneworld airline lounges globally, preferential seating and priority access to reward seats, as well as priority check-in, boarding and upgrade requests.

Those wishing to transfer from a higher flying tier - Platinum and Platinum One equivalents - will only be able to transfer to Qantas' Gold status, rather than have their status matched. Reaching a higher frequent flyer status requires members to earn the normal requirements within a Membership Year.

Qantas Loyalty CEO Olivia Wirth said Qantas Frequent Flyer is one of the most popular airline loyalty programs in the world and has remained so despite the challenges faced by the aviation industry this year.

'With so much uncertainty in the market, we've seen a spike in requests from people wanting us to match their status with other airlines. If they are willing to bring their travel across to Qantas, we will fast track them to Gold status,' Ms Wirth said.

'People know exactly what to expect when they fly with Qantas, whether its complimentary food and drinks, baggage, Wi-Fi or access to dozens of lounges around Australia.

'The loyalty of our existing frequent flyers during this crisis has been amazing and they've kept earning points on the ground knowing they'll be travelling again soon. We've returned the favour by providing status support and status extensions and making some tangible improvements, like a 50 per cent increase in the number of reward seats on domestic flights.'

By early December, eligible Qantas Frequent Flyers will have access to 30 of the 35 domestic and regional lounges across the airline's network.

Registrations for the Qantas Status Fast Track close 18 December 2020. For more information visit qantas.com/statusfasttrack.

Qantas Frequent Flyer Gold Status key benefits:

Priority check-in

Priority baggage

Extra checked baggage allowance

Priority boarding

Access to premium security lanes

On Departure Upgrade requests for domestic flights in Australia

Preferred seating

Preferential access to selected Qantas Classic Flight Reward seats

International Flight Classic Upgrade Reward Request Priority

75% more Qantas Points on eligible flights

Benefits of oneworld Sapphire status around the world with privileges like preferred seating, priority

check-in, regardless of the class of travel.

For full details visit here.

Typically, members are required to earn 700 status credits to reach Qantas Frequent Flyer's Gold tier and 600 status credits to retain the benefits each membership year.

What does earning 100 Status Credits look like?

5x return economy trips Sydney to Melbourne

1x return business class trip Melbourne to Cairns

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 6 208 M 4 786 M 4 786 M
Net income 2021 -1 051 M -810 M -810 M
Net Debt 2021 5 136 M 3 960 M 3 960 M
P/E ratio 2021 -7,73x
Yield 2021 -
Capitalization 9 102 M 7 024 M 7 017 M
EV / Sales 2021 2,29x
EV / Sales 2022 0,99x
Nbr of Employees 20 000
Free-Float 99,4%
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Qantas Airways Limited Technical Analysis Chart | QAN | AU000000QAN2 | MarketScreener
Technical analysis trends QANTAS AIRWAYS LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 5,33 AUD
Last Close Price 4,85 AUD
Spread / Highest target 45,4%
Spread / Average Target 9,95%
Spread / Lowest Target -38,1%
EPS Revisions
Managers and Directors
NameTitle
Alan Joseph Joyce CEO, Executive Director & Managing Director
Richard J. B. Goyder Chairman
Vanessa Hudson Chief Financial Officer
Robert Marcolina Group Executive-Strategy, People & Technology
Barbara Kay Ward Independent Non-Executive Director
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