M&AAustralia
Qantas Loyalty Profit Hits AU $511M, 16M Members, Card Growth Up
Qantas Loyalty's profit is now Au $ 511 million with the business operating at a 20% margin. There are now 16 million members (14% lift in active members). Credit card acquisition grew by 300,000 while underlying spend grew 5% (potentially driven by card churn). 100,000 Classic Plus Reward seats have been redeemed since launching a few months ago.