Qantas points are virtually worthless. Try to book an economy class ticket from Chicago to Sydney (one way) in February of 2015. QF website offers me only three choices during the whole month (classic awards). NO business class seats (although they proffer a business class choice, when you look at the reservation you DON'T get business class on the long haul DFW/SYD but only economy - a bait and switch if I ever saw one!). Qantas classic award - 67,000 points ONE WAY + $422! AA offers up several choices per day, their "classic award" - 37,500 points + $34 ! As most of my QF flying is H class or equivalent, I get the same miles/points from AA with a redemption system that offers essentially TRIPLE the value of the QF offer. It's no wonder Qantas hasn't found anyone willing to purchase the Frequent Flyer business (as other airlines have flogged off). There's little value in it, and passengers are starting to see it.