May 24 (Reuters) - Australia's Qantas Airways (QAN) said on Tuesday it would buy a 51% stake in online travel agency TripADeal for an undisclosed amount, as it seeks to tap a recovery in demand for packaged holidays.
Easing COVID-19 restrictions and a rebound in leisure travel have triggered a boom in the online holiday booking market over recent months.
The deal includes a provision for Qantas to take full control of TripADeal in four years and is expected to add to the national flag carrier's earnings goals for full-year 2024.
It would allow frequent flyers under the airline's loyalty division to use their points for any TripADeal holiday package, the Sydney-based company said https://www.asx.com.au/asxpdf/20220524/pdf/4597vd6npc1jxx.pdf.
Qantas Loyalty was targeting a return to double-digit growth in 2022 and an underlying earnings before income tax of A$500 million ($354.85 million) to A$600 million by fiscal 2024, it added.
Earlier this month, Qantas announced its decision to buy the remaining stake in Alliance Aviation Services (AQZ) for A$610.8 million to expand its presence in the charter business.
($1 = 1.4090 Australian dollars)
News: QAN Australia's Qantas to buy majority stake in TripADeal as leisure travel rebounds
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$11.05 |
Change
-0.151(1.35%) |
Mkt cap ! $16.72B | |||
| Open | High | Low | Value | Volume |
| $11.22 | $11.24 | $10.96 | $53.77M | 4.896M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 13744 | $11.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.05 | 430 | 2 |
View Market Depth
| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| QAN (ASX) Chart |