Another Monday 28 August tidbit from 'The Oz' - well, well, well!"The true sum of money Qantas holds in Covid travel credits has been revealed to be significantly more than the $370 million previously reported.
Under relentless questioning from senators during a hearing into the cost of living, Jetstar CEO Steph Tully revealed about $100m in travel credits was yet to be claimed by passengers of the low fares airline.
That figure, and also the amount held by Qantas customers outside of Australia, was not included in the $370m.
Qantas CEO Alan Joyce was unable to say what the total value of credits was, but it appeared likely to exceed half a billion dollars.
Ms Tully said the goal was for all travel credits to be used by customers before they expired at the end of the year, but she would not promise the December 31 deadline would be extended if they were not."
Will QAN survive?, page-5988
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