# Qantas loyalty promotions and annual financial results

> Live situation record from CLSTR: https://clstr.news/situations/qantas-frequent-flyer-loyalty-promotions
> Updated: 2026-08-25T14:25:00.000Z. Sources: 19. Developments: 2.

Qantas has launched a loyalty promotion offering members a choice between double points or double status credits for marketed flights and Qantas Hotel or Holiday bookings. The offer is valid until early September.

The promotion precedes new Reserve Bank of Australia regulations scheduled for October 1. These regulations are expected to influence frequent flyer activity, as banks may provide fewer points on credit card spending and sign-ups following the elimination of certain transaction fees. 

Loyalty strategist Adele Eliseo advised that while such promotions assist members in reaching higher membership tiers more quickly, travelers should consider if the cost of full-fare bookings during these periods outweighs the benefits of waiting for future sales.

In its recent annual results, Qantas Group reported a 13.8% decline in full-year underlying pre-tax profit to A$2.06 billion for the year ended June 30. This downturn was attributed to surging jet fuel costs, which more than doubled due to geopolitical instability in the Middle East, costing the company over A$420 million. 

In response to these shifts, Qantas has redeployed aircraft to increase capacity on European routes and announced plans to begin retiring its A380 fleet in 2028. The airline has also paused its A$150 million share buyback program. Regarding its loyalty program, Qantas confirmed that the Points Club and Green Tier sub-programs will be retired on December 8, 2026, as the company transitions to a new system allowing members to earn Status Credits through everyday spending. This overhaul will also introduce a rollover feature, permitting members to carry over up to 50% of excess Status Credits to the following membership year.

## Claims

- Qantas launched a promotion offering members a choice between double Status Credits or double Qantas Points for eligible bookings. (corroborated by 6 sources)
- Starting December 8, 2026, Frequent Flyer members can earn Status Credits through everyday spending like credit cards and shopping. (corroborated by 3 sources)
- Qantas reported an underlying pre-tax profit of A$2.06 billion for the fiscal year ending June 30. (corroborated by 2 sources)
- The US-Iran war conflict resulted in a direct cost of over A$420 million to the company. (corroborated by 2 sources)
- Qantas will begin retiring its Airbus A380 fleet starting in 2028. (corroborated by 2 sources)
- The airline declared a final dividend of 19.8 Australian cents per share. (corroborated by 2 sources)
- New loyalty rules will allow members to roll over up to 50 percent of excess Status Credits to the following membership year. (corroborated by 2 sources)
- Qantas decided to cancel its A$150 million share buyback program. (single source)

## Timeline

### 2026-08-25: Qantas reports profit drop amid rising fuel costs and fleet changes

Qantas reported a 13.8% drop in annual pre-tax profit to A$2.06 billion due to rising fuel costs. The airline is accelerating A380 retirements and overhauling its Frequent Flyer program.

19 sources. https://clstr.news/cluster/qantas-announces-double-points-promotion-for-frequent-flyers

### 2026-08-09: Frequent flyer points offer value for short economy flights

Frequent flyer programs like Qantas and Velocity offer high value for short, expensive economy flights because point costs are based on distance rather than fluctuating market demand.

4 sources. https://clstr.news/cluster/frequent-flyer-points-offer-value-for-short-economy-flights

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Cite as: Qantas loyalty promotions and annual financial results. CLSTR, https://clstr.news/situations/qantas-frequent-flyer-loyalty-promotions