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Qantas (ASX:QAN) share price falls while international ‘Points Planes’ considered

Qantas might reserve some of its planned international flights for travellers paying in frequent flyer points
The post Qantas (ASX:QAN) share price falls while international ‘Points Planes’ considered appeared first on The Motley Fool Australia. –

The Qantas Airways Limited (ASX: QAN) share price is suffering today.

However, that might soon turn around as the airline gets closer to its expected international take-off date.

Qantas is now taking bookings for Australians to fly to Singapore, Japan, and the US from 17 December. It’s also offering Australians the chance to book flights to Fiji from 1 December.

Additionally, the Motley Fool understands Qantas is considering bringing back its Points Planes offering, which saw it operating flights exclusively for travellers paying in frequent flyer points.

Qantas also announced new inflight entertainment for those travelling on its regional routes.

Right now, the Qantas share price is $5.21, 0.76% lower than its previous close.

Let’s take a closer look at what we’ve heard from Qantas today.

Qantas may initiate international Points Planes

The Qantas share price is slipping as the airline quietly makes plans to encourage wanderlusting Australians back onto international tarmac.

Qantas has confirmed with the Motley Fool Australia that it will consider offering Points Planes destined for several international destinations once Australia’s borders reopen.

The last time Qantas offered Points Planes to its loyalty members was when the trans-Tasman bubble between Australia and New Zealand first opened. Then, Qantas offered 3 days of Points Planes. However, travellers were also able to pay cash for the seats.

The airline has also confirmed it will be increasing the number of classic flight reward seats on its international flights by 50%. That means more chances to get back overseas for those who’ve racked up their points during the pandemic.

In Qantas’ financial year 2021 report, it noted it onboarded nearly 200,000 more frequent flyers in FY21.

New inflight entertainment

Also not visibly helping the Qantas share price today is news the airline is upgrading the inflight entertainment system on its regional flights.

Travellers flying on QantasLink services will soon have access to 2,500 hours of movies and series, as well as the ability to stream content from Stan while in the air.

Qantas share price snapshot

The Qantas share price has been performing brilliantly lately. Over the last 2 weeks it has gained around 20%.

That brings its year-to-date gains to 6%. It is also now 32% higher than it was this time last year.

The post Qantas (ASX:QAN) share price falls while international ‘Points Planes’ considered appeared first on The Motley Fool Australia.

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More reading

Here’s why the Qantas (ASX:QAN) share price rallied 10% in August
ASX 200 company bosses lobby for reopening plan

What’s this leading broker saying about the Qantas share price?

Why the Qantas (ASX:QAN) share price has beaten the ASX 200 in the last year
Leading brokers name 3 ASX shares to buy today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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