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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Qantas Airways Limited    QAN   AU000000QAN2

QANTAS AIRWAYS LIMITED

(QAN)
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Qantas Airways : AND ACCOR UNVEIL STRATEGIC PARTNERSHIP TO GIVE CUSTOMERS GREATER REWARDS

11/23/2020 | 08:27am EST

Qantas and Accor have announced a deeper partnership that will see mutual members of their loyalty programs be rewarded at every stage of their travel journey. Scheduled to launch mid-2021, it will be the first partnership of its kind between an airline and hospitality group in the Asia Pacific region.

This new partnership will give eligible members of both programs the opportunity to boost their rewards by simultaneously earning both Qantas Points and ALL - Accor Live Limitless Reward Points on Accor hotel bookings and Qantas Points and ALL - Accor Live Limitless Reward Points on Qantas flight bookings.

Members will also enjoy more opportunities to redeem points as well as a suite of exclusive benefits for top-tier members.

The partnership will apply for hotel stays across the Asia Pacific region and across Qantas' domestic and international flights.

Qantas Loyalty CEO Olivia Wirth said Qantas Frequent Flyer is always looking for new and innovative ways to reward and recognise its members.

'From next year, eligible members of Qantas' and Accor's loyalty programs will earn twice when they fly or stay with the two brands. This is an entirely new way to recognise the loyalty of our frequent flyers which we know will be very popular,' Ms Wirth said.

'Although our members haven't been flying much lately due to border closures, we know there is huge pent up demand, and we've been looking at how we provide even more value when their travel resumes whether that's for business or leisure.

Accor Pacific CEO Simon McGrath said the enhanced partnership between Accor and Qantas was a major milestone for the travel industry, enabling greater benefits for loyalty customers across Accor's 1,240 hotels, apartments and resorts in the Asia Pacific region.

'We are joining forces to enable our customers to be part of something special, delivering exceptional travel benefits and unrivalled service for people who enjoy our two much-loved brands,' Mr McGrath said.

'Customers are at the heart of this joint venture and the combined strength of Accor and Qantas will bring significant extended benefits.'

Members of each loyalty program will receive further information on the full details of the new partnership early next year.

Qantas Frequent Flyers can already convert their ALL - Accor Live Limitless Reward points to Qantas Points at the rate of one ALL - Accor Live Limitless Reward Point per one Qantas Point.

A gallery of images to accompany the release can be found here.

About Accor

Accor is a world leading hospitality group consisting of more than 5,000 properties and 10,000 food and beverage venues throughout 110 countries, including 340 hotels, apartments and resorts in Australia. The group has one of the industry's most diverse and fully-integrated hospitality ecosystems encompassing luxury and premium brands, midscale and economy offerings, unique lifestyle concepts, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor also boasts an unrivalled portfolio of distinctive brands and approximately 300,000 team members worldwide. Over 65 million members benefit from the company's comprehensive loyalty program ALL - Accor Live Limitless - a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 - Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACRFY) in the United States. For more information visit group.accor.com or follow Accor on Twitter, Facebook, LinkedIn and Instagram.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 6 232 M 4 808 M 4 808 M
Net income 2021 -1 040 M -802 M -802 M
Net Debt 2021 5 116 M 3 948 M 3 948 M
P/E ratio 2021 -7,84x
Yield 2021 -
Capitalization 9 159 M 7 037 M 7 067 M
EV / Sales 2021 2,29x
EV / Sales 2022 0,99x
Nbr of Employees 20 000
Free-Float 99,4%
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 5,33 AUD
Last Close Price 4,88 AUD
Spread / Highest target 44,5%
Spread / Average Target 9,27%
Spread / Lowest Target -38,5%
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Managers and Directors
NameTitle
Alan Joseph Joyce CEO, Executive Director & Managing Director
Richard J. B. Goyder Chairman
Vanessa Hudson Chief Financial Officer
Robert Marcolina Group Executive-Strategy, People & Technology
Barbara Kay Ward Independent Non-Executive Director
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