M&AAustralia
Qantas Finalizes TripADeal Acquisition for $211M, Boosts Loyalty
Qantas has completed the acquisition of TripADeal with Au$450m in revenue and 150 employees. It acquired a minority stake in 2022 and has now bought the remaining 49% for $211m. TripADeal will sit under Qantas Loyalty with about 80 per cent of the travel company’s customers Qantas frequent flyers. Since the integration in 2022, billions of points have been earned and used through TripADeal packages. -