Qantas FFP Unit

Qantas FFP Unit

Geoff Dixon, Chief Executive of Qantas Airways, announced that the company would give individual financial results for both its freight and frequent flyer program at the company’s half-year results in February, moving to individual reporting for all its associated businesses by the end of 2008. Qantas is betting that their “non-flying businesses” will create additional shareholder value.

Also of note, Qantas now owns 18 percent of Vietnam’s low-cost Pacific Airlines and plans include to own 30 percent. Qantas Airways is also the biggest single shareholder in Singapore-based Jetstar Asia. Qantas Frequent Flyer members can earn miles when flying Jetstar Asia, but not when flying Pacific Airlines.

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