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Qantas auction sparks multi-million point spending ‘frenzy’

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Qantas wins in another High Court battle

Qantas’ first-ever points auction has blown expectations out of the sky

Loyalty members have splashed up to 12.3 million Qantas points in a bid to nab some exclusive items.

Among the unique launch offerings, were a rare set of Qantas lie-flat business Skybeds and a lavish Dash-8 private charter flight for up to 30 mates.

Two Qantas A380 sky beds used for crew training since 2008 have “sold” for two million frequent flyer points and that equates to around $40,000.

With little flying going on, Qantas came up with the concept of a “points auction” to engage frequent flyers who have continued to amass points from activities like credit card use and grocery shopping.

Five items or experiences have gone up for auction since Monday, with the sky beds attracting the second-highest bid to date.

Qantas A380 Skybeds

Other items to go under the hammer in the daylong auctions included a Boeing 787 simulator experience with a Qantas captain which went for 1.2 million points.

A soccer clinic for 20 children with Socceroos coach Graham Arnold attracted a winning bid of 501,000 points and a holiday for four to Queenstown flying in business class “sold” for 3.76 million points.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Money

Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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