Rewards That Fly
The RTF Benchmark · re-verified 16 October 2026

What Qantas and Velocity Points are worth

As of October 2026, a Qantas Point is worth about 1.3 cents and a Velocity Point about 1.5 cents on our benchmark. We use 0.5 cents as a practical floor, while strong flight redemptions can reach 2.1 cents or more with Qantas and 1.7 cents or more with Velocity. Every figure below is based on live award-seat and cash-fare comparisons, with the dates and methodology shown.

A point does not have one fixed dollar value. What you receive depends on how you redeem it. Our benchmarks estimate the value available through typical flight redemptions, while the stronger figures reflect selected rewards that provide better value. These are reference points for comparing options, not guaranteed cash values.

What your points are worth in dollarsBased on our October 2026 points valuations.
PointsQantas benchmark (1.3c)Qantas strong redemption (2.1c)Velocity benchmark (1.5c)Velocity strong redemption (1.7c)
1,000$13$21$15$17
5,000$65$105$75$85
10,000$130$210$150$170
50,000$650$1,050$750$850
100,000$1,300$2,100$1,500$1,700
500,000$6,500$10,500$7,500$8,500
2,000,000$26,000$42,000$30,000$34,000

These are estimated redemption values, not cash amounts you can withdraw. Both programs have a practical floor of around 0.5 cents per point, based on gift cards and similar redemptions. Strong-redemption values apply to selected flights and may be difficult to achieve across a large balance. Use the calculator below to value any points balance.

Qantas Points

0.5c
floor
1.3c
benchmark
2.1c
strong redemption
More about these numbers

Re-verified in October 2026 against the bookable rows of a 24-scenario basket, with the availability-capped rows last re-checked on 9 August 2026. The 1.3c benchmark reflects what members can realistically achieve, not just the best theoretical redemptions. Domestic Economy can be relatively modest once cash fares and charges are considered, while domestic Business and selected international Business rewards can exceed 2.1c. Classic Plus generally sits around 1.25c in premium cabins and about 0.9c in Economy. Gift cards provide the 0.5c floor.

Last reviewed 16 Oct 2026

Velocity Points

0.5c
floor
1.5c
benchmark
1.7c
strong redemption
More about these numbers

Re-verified in October 2026 against the bookable rows of an 18-scenario basket, with the availability-capped rows last re-checked on 9 August 2026. The benchmark moved to 1.5c from 1.3c. Domestic Business remains a strong use, with Sydney to Perth reaching 3.9c in our live checks, while selected partner rewards can also exceed 1.7c. Dynamically priced redemptions and Points + Pay generally deliver less value. Velocity Rewards Store gift cards provide the 0.5c floor.

Last reviewed 16 Oct 2026

Frequently asked questions

How much is 100,000 Qantas Points worth?

At our October 2026 benchmark, 100,000 Qantas Points are worth approximately $1,300.

Gift cards and similar redemptions may return around $500, while a strong flight redemption can deliver $2,100 or more. The actual value depends on how the points are used.

What are Qantas Points worth in dollars?

Our October 2026 benchmark is 1.3 cents per Qantas Point.

That makes 50,000 points worth approximately $650 and 100,000 points worth $1,300 at the benchmark.

Gift cards typically return around 0.5 cents per point, while selected Business Class Classic Rewards can exceed 2.1 cents per point.

How much is 1,000 Qantas Points worth?

1,000 Qantas Points are worth approximately $13 at our benchmark.

That compares with about $5 at the practical floor or $21 at the strong-redemption level.

These are equivalent values rather than necessarily available redemption options. Most high-value flight rewards require a much larger points balance.

How much is a Velocity Point worth?

Our October 2026 benchmark is 1.5 cents per Velocity Point.

Selected domestic Business Class and partner Reward Seats can return 1.7 cents per point or more.

Gift cards generally return around 0.5 cents per point, while Points + Pay converts at approximately 0.6 cents per point.

How much are 2 million Velocity Points worth?

At our October 2026 benchmark, 2 million Velocity Points are worth approximately $30,000.

The estimated value ranges from around $10,000 at the practical floor to $34,000 or more through strong flight redemptions.

Achieving the higher value across such a large balance would require multiple suitable redemptions over time. Reward availability, travel preferences and changes to program pricing will affect the value ultimately received.

How much are 100,000 Velocity Points worth?

100,000 Velocity Points are worth approximately $1,500 at our October 2026 benchmark.

That compares with around $500 through lower-value redemptions or $1,700 or more through strong flight rewards.

Selected domestic Business Class and international partner Reward Seats can provide particularly good value when availability exists.

How much are 50,000 Velocity Points worth?

At our October 2026 benchmark, 50,000 Velocity Points are worth approximately $750.

Lower-value redemptions may return around $250, while a strong flight redemption can deliver $850 or more.

Points + Pay generally produces a lower cents-per-point value than a well-priced Reward Seat, although the latter depends on availability.

Are Qantas Points or Velocity Points worth more?

Our October 2026 benchmarks value a Qantas Point at 1.3 cents and a Velocity Point at 1.5 cents.

Qantas has the higher strong-redemption threshold in our current basket, at 2.1 cents compared with 1.7 cents for Velocity.

However, the benchmark does not settle which points are more valuable to you. Velocity offers competitive domestic Business Class and international partner rewards, and Qantas has the wider network of fixed-price Classic Rewards.

The better program depends on the flights you want to book, the availability of Reward Seats and how you expect to use your points.

How do you calculate what points are worth?

We compare the cash fare with the points required for the same or a closely comparable flight.

Value per point = (comparable cash fare − reward taxes and charges) ÷ points used

For example, a flight costing $1,000 in cash or 40,000 points plus $100 in charges provides:

($1,000 − $100) ÷ 40,000 = 2.25 cents per point

We apply this calculation to a fixed basket of live redemption scenarios for each program.

The median of the basket determines our benchmark, while the 75th percentile informs the strong-redemption level.

We re-verify the bookable rows monthly and the availability-capped rows quarterly, with each observation supported by dated fare and reward evidence.

Points to dollars calculator

For a specific flight, the Qantas Points Calculator and Velocity Points Calculator compare the reward against the cash fare and report the cents per point against these benchmarks.

Numbers re-verified 16 Oct 2026

Valuing 100,000 Qantas Points.

$500
At the floor · 0.5c

The low end of what you can readily get from your points through gift cards and similar redemptions.

$1,300
At the benchmark · 1.3c

Our central estimate of what a point is realistically worth, based on the median of our October 2026 redemption basket.

$2,100
Strong redemption · 2.1c

A strong use of your points, based on the upper end of the redemptions we measured.

How different redemptions compare

Typical value ranges by redemption type, based on our October 2026 live comparisons. The ranges are reviewed quarterly; the dollar figures below reflect your selected points balance.

Qantas Marketplace store items0.35 to 0.50c · $350 to $500
Gift cards0.45 to 0.50c · $450 to $500
Classic Plus0.90 to 1.25c · $900 to $1,250
Economy Classic Rewards0.54 to 2.42c · $540 to $2,420
Business and First Classic Rewards1.33 to 3.84c · $1,330 to $3,840
Classic Upgrade Rewards2.00 to 4.00c · $2,000 to $4,000

Looking at a specific redemption? The Qantas Points Calculator and Velocity Points Calculator take the cash fare, the points price and the taxes on the reward and measure the redemption against these benchmarks.

How to use these numbers

Spending points

Use the benchmark to compare a redemption with the alternatives available to you.

Around 0.5 cents per point represents the low end of readily available redemptions such as gift cards. Our 1.3c benchmark is a reasonable reference point for an everyday flight redemption, while values above the strong-redemption threshold indicate that the points are replacing relatively expensive cash travel.

These are benchmarks, not rules. A lower-value redemption can still make sense if you have no realistic higher-value use for the points, while a high cents-per-point result is only useful if the flight, dates and destination actually suit you.

Dynamically priced products are the main exception to watch. Qantas Classic Plus has recently produced about 0.9c per point in Economy and 1.25c in premium cabins, while Virgin Australia Points + Pay converts at about 0.6c per point.

Earning points

Use the benchmark to understand the approximate value of points you expect to earn, but not as a reason on its own to spend more or choose a particular product.

For example, 100,000 Qantas or Velocity Points are worth about $1,300 at our current benchmark. They could be worth materially more through a strong flight redemption, or less if ultimately used for gift cards, Points + Pay or other cash-like redemptions.

The value of the points is therefore one part of the calculation. Any purchase, membership or financial product should still make sense on its own terms.

The RTF Benchmark methodologyShow the method

The RTF Benchmark is designed to estimate what a point is realistically worth, rather than the highest theoretical value that can be produced from one unusually good redemption.

The floor

The floor is based on readily available cash-like redemptions with observable values.

For Qantas and Velocity, gift cards currently provide a practical reference point of about 0.5 cents per point. We verify the underlying products and prices each quarter rather than assuming that rate remains unchanged.

The benchmark and strong-redemption level

For each program, we maintain a fixed basket of live redemption scenarios.

We calculate the cents-per-point value of each scenario using:

(comparable cash fare − taxes and charges on the reward) ÷ points used

The median of the basket becomes our benchmark. The75th percentile sets the strong-redemption level.

As of October 2026, the baskets contain 24 Qantas scenarios and18 Velocity scenarios.

The cash fare we compare against

Where possible, we use the cheapest cash fare actually available for thesame flight and cabin at the time the reward is captured.

We do not compare a reward with an unusually expensive flexible fare if a cheaper fare on the same flight is available. Equally, we do not compare it with an expired sale price that could no longer be booked.

Where only unusually expensive inventory remains, we may cap the cash comparator to avoid one outlying fare distorting the result. Any such adjustment is documented.

Reward availability matters

A published reward price only enters the basket where we can verify that a bookable seat exists.

This is particularly important for fixed-price reward products. A chart may show the points required for a seat, but that does not mean the airline has released one on the flight being tested.

For domestic Economy, we use the cheapest bookable fixed-price reward available on the date across the relevant airline group and record the operating carrier.

Dynamic redemptions

Some products do not behave like fixed-price reward seats.

Qantas Classic Plus, for example, has priced at a relatively stable proportion of the underlying cash fare in our recent captures. Virgin Australia Points + Pay similarly converts at a published rate of about 0.6c per point.

For these products, the basket reflects the observed conversion value rather than treating each cash fare as an independent reward outcome.

Keeping the benchmark comparable

The basket is kept broadly consistent between reviews so changes in the benchmark reflect changes in redemption value rather than constant changes to the sample.

If the composition of the basket changes, we record the reason.

We re-verify the bookable rows monthly and the availability-capped rows quarterly, and may review the numbers earlier following a material program change, devaluation or repricing. All material changes are recorded in theProgram Change Log.

The value scale by redemption typeShow the scale

The calculator above converts each redemption range into dollars for your selected balance. The table below shows the same October 2026 data in plain text, including the typical cents-per-point range and the main factor that drives the result.

The same scale as a table, October 2026
ProgramRedemption typeCents per pointNote
Qantas PointsQantas Marketplace store items0.35 to 0.50cMany merchandise redemptions return less value than gift cards. Check the cents-per-point value before redeeming.
Qantas PointsGift cards0.45 to 0.50cA readily available cash-like use of points. Standard gift-card pricing in our October 2026 check was around 0.5c per point.
Qantas PointsClassic Plus0.90 to 1.25cPricing closely tracks the cash fare. Our recent checks produced about 0.9c per point in Economy and around 1.25c in premium cabins.
Qantas PointsEconomy Classic Rewards0.54 to 2.42cValue varies significantly by route and cash fare. Our October 2026 examples ranged from about 0.54c to 2.42c per point after charges.
Qantas PointsBusiness and First Classic Rewards1.33 to 3.84cPremium-cabin Classic Rewards can produce strong value where suitable seats are available. Domestic Business reached around 2.13c in our October 2026 checks.
Qantas PointsClassic Upgrade Rewards2.00 to 4.00cPotentially excellent value, but the upgrade must clear. The practical result depends on the fare, route and member's status.
Velocity PointsVelocity Rewards Store gift cards0.50 to 0.55cStandard gift-card pricing in our October 2026 checks was around 0.5c per point.
Velocity PointsPoints + Pay and other dynamic redemptions~0.60cPoints + Pay converted at about 0.6c per point in our checks. Other dynamically priced options produced similarly low-value outcomes.
Velocity PointsEconomy Reward Seats0.68 to 1.71cValue varies with the cash fare and demand-based reward pricing. Our October 2026 examples ranged from about 0.68c to 1.71c per point. Peak travel dates can require materially more points.
Velocity PointsBusiness Reward Seats1.63 to 3.90cSydney to Perth Business reached 3.9c per point in our October 2026 checks, one of the strongest domestic redemptions we measured.
Velocity PointsPartner Reward Seats1.70 to 2.90cSelected partner rewards can deliver strong value, but availability varies significantly by airline and route.
Velocity PointsUpgrades2.00 to 4.00cPotentially strong value, but availability is not guaranteed. Compare the points required with a confirmed Business Reward Seat where possible.

What to do next

Use these values as a reference point when you are deciding whether to spend points or pay cash.

Check current reward availability through the Classic Rewards availability guide, compare any transfer bonus with the transfer bonuses guide, or use the Status Run Builder if status is part of the trip. For more detail on each program, see our Qantas Frequent Flyer guide and Velocity Frequent Flyer guide.

We also track material changes to points values in the Program Change Log and current airfare sales on the live deals board.

We are developing additional tools to automate points-versus-cash comparisons and reward-seat analysis.

These are editorial benchmarks. The value you receive from your points will depend on how you redeem them.

Source data behind the benchmarkShow the basket

The October 2026 benchmark is based on live fare and reward searches captured on 16 October 2026 on qantas.com, jetstar.com and virginaustralia.com, using travel in the week of 7 December 2026. The bookable rows are re-verified monthly; the rows with no bookable fixed-price reward were last re-checked on 9 August 2026.

The basket includes both strong and weak redemptions. Rows with no bookable fixed-price Reward Seat remain in the dataset rather than being removed, so the published evidence reflects what a traveller could realistically find rather than only the best available examples.

The October 2026 basket: every scenario with dated evidence
RouteCabinAwarded flightPoints + chargesSame-flight cashc/ptCaptured
Qantas Points
SYD to MELYJQ501 (Jetstar), 2026-12-085,700 + $38$99 (Starter, jetstar.com)1.072026-10-16
SYD to BNEYJQ812 (Jetstar), 2026-12-085,700 + $43$107 (Starter, jetstar.com)1.122026-10-16
MEL to BNEYJQ560 (Jetstar), 2026-12-0811,000 + $46$105 (Starter, jetstar.com)0.542026-10-16
SYD to ADLYJQ760 (Jetstar), 2026-12-0811,000 + $42$125 (Starter, jetstar.com)0.752026-10-16
SYD to CBRYQF1423 (QantasLink), 2026-12-087,300 + $92$269 (Red e-Deal, qantas.com)2.422026-10-16
SYD to OOLYJQ400 (Jetstar), 2026-12-085,700 + $42$75 (Starter, jetstar.com)0.582026-10-16
SYD to CNSYNo bookable rewardsee notecapped2026-08-09
MEL to PERYJQ972 (Jetstar), 2026-12-0816,600 + $62$278 (Starter, jetstar.com)1.302026-10-16
SYD to MELJQF401 (Qantas), 2026-12-0819,300 + $86$459 (Business Sale, qantas.com)1.932026-10-16
MEL to PERJNo bookable rewardsee notecapped2026-10-16
BNE to SYDJQF501 (Qantas), 2026-12-0819,300 + $87$499 (Business Sale, qantas.com)2.132026-10-16
SYD to CNSJNo bookable rewardsee notecapped2026-08-09
SYD to AKLYJQ203 (Jetstar), 2026-12-0816,600 + $176$284 (Starter, jetstar.com)0.652026-10-16
BNE to AKLJQF125 (Qantas), 2026-12-0843,600 + $169$749 (Business Sale, qantas.com)1.332026-10-16
SYD to SINYNo bookable rewardsee notecapped2026-10-16
SYD to SINJNo bookable rewardsee notecapped2026-08-09
SYD to DPSYNo bookable rewardsee notecapped2026-08-09
SYD to HNDJNo bookable rewardsee notecapped2026-08-09
SYD to LAXYQF1517 + QF93 (Qantas), 2026-12-0748,200 + $289$1424 (Economy Sale, qantas.com)2.352026-10-16
SYD to LAXWQF11 (Qantas), 2026-12-0897,600 + $355$4107 (Premium Economy Sale, qantas.com)3.842026-10-16
SYD to LAXJNo bookable rewardsee notecapped2026-08-08
MEL to LHRJNo bookable rewardsee notecapped2026-08-09
SYD to SINFNo bookable rewardsee notecapped2026-08-09
SYD to HKGJNo bookable rewardsee notecapped2026-08-09
Velocity Points
SYD to MELYVA800 (Virgin Australia), 2026-12-085,900 + $43$144 (Lite, virginaustralia.com)1.712026-10-16
SYD to BNEYVA901 (Virgin Australia), 2026-12-085,900 + $46$127 (Lite, virginaustralia.com)1.362026-10-16
MEL to BNEYVA313 (Virgin Australia), 2026-12-088,900 + $47$164 (Lite, virginaustralia.com)1.312026-10-16
SYD to ADLYVA404 (Virgin Australia), 2026-12-088,900 + $44$175 (Lite, virginaustralia.com)1.472026-10-16
SYD to OOLYVA505 (Virgin Australia), 2026-12-085,900 + $45$85 (Lite, virginaustralia.com)0.682026-10-16
SYD to PERYVA549 (Virgin Australia), 2026-12-0817,900 + $52$309 (Lite, virginaustralia.com)1.442026-10-16
SYD to MELJVA800 (Virgin Australia), 2026-12-0815,500 + $43$406 (Business, virginaustralia.com)2.342026-10-16
SYD to PERJVA551 (Virgin Australia), 2026-12-1135,500 + $52$1438 (Business, virginaustralia.com)3.902026-10-16
BNE to MELJVA306 (Virgin Australia), 2026-12-0823,500 + $47$431 (Business, virginaustralia.com)1.632026-10-16
SYD to DPSYNo bookable rewardsee notecapped2026-08-09
SYD to DPSJNo bookable rewardsee notecapped2026-08-09
SYD to ZQNJNo bookable rewardsee notecapped2026-08-09
SYD to AKLYNo bookable rewardsee notecapped2026-08-09
SYD to DOHJNo bookable rewardsee notecapped2026-08-09
SYD to SINJNo bookable rewardsee notecapped2026-08-09
SYD to SFOJNo bookable rewardsee notecapped2026-08-09
SYD to HNDJNo bookable rewardsee notecapped2026-08-09
AKL to LAXJNo bookable rewardsee notecapped2026-08-09

SYD to MEL Y: Cheapest Group Classic on the date (5,700 + $38 on fourteen Jetstar flights); QF-metal alternative QF433 7,300 + $61 vs $169 = 1.48c at the Classic points sale price that ended 16 October (standard 9,200). jetstar.com standard fare $99.00 on JQ501 (Club Jetstar $93.00 excluded); day-low standard fare $99.00.

SYD to BNE Y: Economy Classic 5,700 + $43 on six Jetstar flights; QF-metal 7,300 + $61 at the sale price on most Qantas flights. jetstar.com standard fare $107.00 on JQ812, two left (Club $100.00 excluded); the 10:00pm JQ826 was $84.00, which would read 0.72c.

MEL to BNE Y: Qantas and Jetstar both price Classic at 11,000 points on this route; Jetstar carries the lower charges ($46 against $59). jetstar.com standard fare $105.00 on JQ560 (Club $98.00 excluded); a cheap December fare against 11,000 points makes this the weakest Qantas row this month.

SYD to ADL Y: QF-metal QF731 matched the points (11,000 at the sale price) with higher charges ($62). jetstar.com standard fare $125.00 on JQ760 (Club $117.00 excluded).

SYD to CBR Y: Captured at the 20 to 30 percent Classic points sale price that ended 16 October (standard 9,200 points = 1.92c against the same fare). No Jetstar on route.

SYD to OOL Y: Economy Classic 5,700 + $42 on six of seven Jetstar flights; Qantas-metal 7,300 + $62 at the sale price. jetstar.com standard fare $75.00 on JQ400 (Club $71.00 excluded); charges are 56 percent of the fare.

SYD to CNS Y: No bookable Classic 29-30 Sep even signed in (school holidays). Classic Plus only, 42,400 to 69,200 points.

MEL to PER Y: On the target date this month (August needed a shift to 2 October). Qantas metal is Classic Plus only, 42,700 to 66,400 points. jetstar.com standard fare $278.00 on JQ972, one left (Club $264.00 excluded); the same fare as the August capture.

SYD to MEL J: Business Classic 19,300 + $86 on 20 of 31 Qantas flights; Business cash $459 on the early flights and $499 for most of the day.

MEL to PER J: No Business Classic on 8 December; Classic Plus 117,600 to 223,800 points + $101 on every Qantas direct, pricing at the 1.25c constant.

BNE to SYD J: Same flight as August; the Business fare fell from $579 to $499.

SYD to CNS J: No Business Classic in the window; Classic Plus 93,300 to 98,900 points (1.57c against same-day cash).

SYD to AKL Y: The $176 trans-Tasman carrier charges remain the drag on this row. Qantas metal is Classic Plus only, 18,300 to 20,300 points. jetstar.com standard fare $284.00 on JQ203 (Club $272.00 excluded).

BNE to AKL J: Seats nearly gone on the reward; four Business Sale seats left at $749 (Saver $1,117, Flex $1,627).

SYD to SIN Y: No Economy Classic on any Qantas direct 1 to 15 December (Classic Plus 75,500 to 134,600 + $171), and the Flight Reward finder snapshot of 16 October shows no Economy Classic seat in December at all; the next sighted month is January 2027. Captured as Classic in August at 29,000 points (2.52c).

SYD to SIN J: No Qantas-operated Business Classic sighted 27 Sep to 17 Oct. The only bookable Business-cabin Classic is Jetstar Business via Melbourne (61,600 + $237, 12 Oct), a materially different product.

SYD to DPS Y: Qantas does not fly the route 26-29 Sep; 30 Sep onward is Classic Plus only (69,800 + $197).

SYD to HND J: Tokyo Business is Classic Plus only at both airports in the window: 400,800 (Haneda) to 580,900 (Narita) points.

SYD to LAX Y: No direct Economy Classic sighted 6 to 8 December; the only Classic on 8 December routed through Dallas at 69,900 points. The 7 December row is the via-Melbourne connection (17h 25m) at the standard 48,200 points, seats nearly gone. The honesty row is less honest in December: pre-Christmas cash fares lift it from 1.05c to 2.36c.

SYD to LAX W: On the target date this month (Classic on 8, 11, 14 and 15 December per the engine calendar and the Flight Reward finder). Seats nearly gone; Premium Economy Sale $4,107 with five left.

SYD to LAX J: No Business Classic in the window on any itinerary; Classic Plus 630,900 to 804,600 points with a 27 percent price swing across seven days.

MEL to LHR J: No Business award of any kind 29-30 Sep, and no Business Classic sighted through 17 Oct. The only near-window Classic is economy via Los Angeles.

SYD to SIN F: First Classic not sighted 26 Sep to 17 Oct; Classic Plus 424,000 to 456,000 + $385 wall to wall (1.27c against First Saver cash).

SYD to HKG J: Zero Cathay Pacific award space released in the window, signed in or out. Qantas-metal is Classic Plus only at 306,400 points.

SYD to MEL Y: Economy Reward 5,900 on VA800, VA804 and VA898 (all Lite $144.00); 7,900 to 12,900 on the rest of the day. Reward pricing is seasonal at Virgin: 7,900 in the September school holidays, 5,900 in early December.

SYD to BNE Y: Economy Reward 5,900 on seven of sixteen flights (all Lite $127.01); 7,900 to 12,900 on the rest.

MEL to BNE Y: Economy Reward 8,900 on VA313, VA341 ($164.00) and VA353 ($150.00, 1.15c); 11,900 on the other ten flights.

SYD to ADL Y: Economy Reward 8,900 on VA404 only; 11,900 to 18,900 on the other four directs.

SYD to OOL Y: Charges consume 53 percent of an $85 Lite fare; the weakest bookable row in either basket this month. Economy Reward 5,900 on four of nine flights.

SYD to PER Y: Direct rewards released this month (17,900 on three of six directs); in August the via-Brisbane connection was the only option.

SYD to MEL J: Business Reward 15,500 + $43.33 on 13 of 23 flights; same-flight pair with the economy row. Business cash $406.00 on every flight bar one ($516.00).

SYD to PER J: Date shifted within the window: no direct Business Reward 7 to 10 December (via-Brisbane connections at 49,500 on 10 December); 11 December has 35,500 + $52.02 on VA551, VA567 ($1,438.00) and VA569 ($1,249.01, 3.37c). Still the highest row in either basket.

BNE to MEL J: Business Reward 23,500 + $47.28 on nine of thirteen flights; Business cash $431.00 on most.

SYD to DPS Y: No reward seats released in the window; dynamic pricing only (98,900 points and up).

SYD to DPS J: No reward seats released; dynamic pricing only (267,000 points and up).

SYD to ZQN J: No reward seats released; dynamic pricing only (115,200 points and up).

SYD to AKL Y: Air New Zealand partner awards price dynamically, with no fixed reward seats on the date. The cheapest points price was 40,000 + $162.59 against a $402.59 cash fare, which is the 0.60c dynamic constant at work. Excluded from the medians like every dynamic row.

SYD to DOH J: The Qsuite headline: no Business reward released; dynamic 1,117,400 points + $661.77 against $7,365.77 cash = the 0.60c constant. The same wet-lease flight DID have an economy reward seat at 56,000 + $258.87 (1.66c).

SYD to SIN J: Singapore Airlines metal: dynamic only, economy from 261,900 points (0.60c). Qantas sells the same corridor for 29,000 Classic points.

SYD to SFO J: United honesty row: no Business reward; dynamic 1,373,900 points (0.60c). The same physical aircraft sold under the UA flight number had an economy reward at 48,000 + $140.19 = 2.86c, the best partner value found.

SYD to HND J: ANA and Air Japan flights price dynamically only; economy and Business both land on the 0.60c constant.

AKL to LAX J: Air New Zealand long-haul: not bookable on the target date at all; scattered availability weeks out.