This airline has rewards seat to Europe every day in July

The Australian Financial Review04-22

“There’s still a seat to London every day in July with one of our partners. It might be a different partner every day but because we’ve got all these different airlines, there’s a variety of routes,” ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2429917995?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-22 14:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2429917995","market":"us","top_or_hot":-1,"title":"This airline has rewards seat to Europe every day in July","media":"The Australian Financial Review","content":"<div>\n<p>“There’s still a seat to London every day in July with one of our partners. It might be a different partner every day but because we’ve got all these different airlines, there’s a variety of routes,” ...</p>\n\n<a href=\"https://www.afr.com/companies/transport/this-airline-has-rewards-seat-to-europe-every-day-in-july-20240422-p5flme\">Source Link</a>\n\n</div>\n","source":"afr_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This airline has rewards seat to Europe every day in July</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis airline has rewards seat to Europe every day in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-22 14:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.afr.com/companies/transport/this-airline-has-rewards-seat-to-europe-every-day-in-july-20240422-p5flme><strong>The Australian Financial Review</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“There’s still a seat to London every day in July with one of our partners. It might be a different partner every day but because we’ve got all these different airlines, there’s a variety of routes,” ...</p>\n\n<a href=\"https://www.afr.com/companies/transport/this-airline-has-rewards-seat-to-europe-every-day-in-july-20240422-p5flme\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XAO.AU","symbol_name":"标普/澳交所 普通股指数","start_time":0,"source_url":"https://www.afr.com/companies/transport/this-airline-has-rewards-seat-to-europe-every-day-in-july-20240422-p5flme","article_id":"2429917995","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429917995","pubTimestamp":1713767160,"sourceInfo":{"source_id":"afr_stock","name":"The Australian Financial Review"},"weMediaInfo":null,"summary":"“There’s still a seat to London every day in July with one of our partners. It might be a different partner every day but because we’ve got all these different airlines, there’s a variety of routes,” ","collect":0,"end_time":0,"defaultTopTitle":"afr.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","BK4548":"巴美列捷福持仓","BNTX":"BioNTech SE","XKO.AU":"标普/澳交所 300指数","BK4585":"ETF&股票定投概念","BK4568":"美国抗疫概念","BK4139":"生物科技","BK4588":"碎股"},"translate_title":"这家航空公司七月份每天都有飞往欧洲的奖励机票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNTX":0.68,"XAO.AU":0.68,"XJO.AU":0.68,"XKO.AU":0.68},"content_text":"“There’s still a seat to London every day in July with one of our partners. It might be a different partner every day but because we’ve got all these different airlines, there’s a variety of routes,” he said.Mr Rohrlach hit back at suggestions that points have been devalued, saying the lowest redemption rates have actually fallen since COVID-19.“Our lowest price is now just 6200 points for Sydney to Melbourne or Sydney to the Gold Coast,” he said, down from 7800 points before the pandemic.“The points have gone down while the cash has gone up.”Velocity reported $330 million revenue and profit of $77 million – a 70 per cent increase in revenue and 30 per cent increase in profit – in the 2023 financial year.Mr Rohrlach said “the trend this year is obviously very strong as well” but the airline has not yet put out its detailed financials.AdvertisementIn documents filed with the Australian Securities and Investments Commission in October, Virgin said its net profit after tax was $129 million, from revenue of $5 billion in the year to June 30, up 124 per cent. It was Virgin’s first profit in 11 years.Under Bain Capital’s control Virgin has bought back 100 per cent of the Velocity program, after selling a 35 per cent stake to private equity group Affinity for $335 million in 2014.Mr Rohrlach said any future decision to spin it out again would be for its private equity owners, but suggested the program is now seen as “core” to the airline.“The last couple of years has only reiterated just how core Velocity is to the business and Bain has certainly been investing heavily in our growth and I think is very keen to keep it together,” he said.He said Bain had invested $15 million to $20 million redoing Velocity’s core loyalty management system since the middle of COVID-19 to allow the program to grow.“It was great forward-thinking to invest even when the demand wasn’t yet back. That’s what allows us to add all the new partners now because we had a system that was probably towards its end of life. Now we’ve got a new system that enables us to connect to the likes of [energy company] AGL and DiDi much faster than before,” he said.AdvertisementWhile Qantas has had to find new ways to help members spend points flying, Mr Rohrlach said Velocity was still gathering new partners. Airlines get revenue by charging partners for points that they then give to customers as loyalty rewards.Mr Rohrlach said the airline’s small business program, Virgin Australia Business Flyer, had tripled its membership since COVID-19 in line with the new-look Virgin Australia’s focus on the small and medium-sized enterprises market.“It’s been one of the biggest growth periods we’ve seen over the last couple of years. Part of Virgin’s rebirth was getting back to its roots on the small business market. So we’ve really seen the growth in our small business program, which we relaunched effectively two years ago,” Mr Rohrlach said.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429917995"}