Qantas Loyalty Achieves Strong Growth in Revenue and Membership
Qantas Loyalty reports impressive financial results with a profit of Au $511 million and a 20% margin, driven by a 14% increase in active members and 300,000 credit card acquisitions. Underlying spend grew by 5% and 100,000 Classic Plus Reward seats have been redeemed. Learn more at Qantas Investor Centre.
Simon Rowles
Founder, CEO
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.
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