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Australian politicians are almost always opting to fly
with Qantas on taxpayer-funded trips, despite Virgin offering cheaper tickets.
Federal MPs flew with the national carrier for 80 per cent of work trips last year
despite it not always being the cheapest route, according to
travel data provided to the government.
While politicians and their staffers are required to book the cheapest
flight, it also has to be the most efficient, with Qantas offering
the most routes between major cities.
MPs are banned from accruing frequent flyer points on taxpayer-funded trips like ordinary Aussies
can, but they can can receive lifetime status credits,
which allows access to airport lounges and flight upgrades.
'How else can one explain the extraordinary dominance of Qantas in securing bookings by parliamentarians
and their staff?' Myriam Robin wrote in an opinion piece for the Australian Financial Review.
'There's nothing like accruing status credits on someone else's dime.'
Transport Minister Catherine King has since committed to a review of flight bookings by government officials which will be conducted
by the Department of Finance this year, despite there being
just two months left of 2024.
Politicians' preference for Qantas may also be put down to the airline's exclusive invite-only 'Chairman's Lounge'.
Australian politicians are almost always opting to fly with Qantas on taxpayer-funded trips, despite Virgin offering cheaper tickets.
(pictured is Anthony Albanese, with former Qantas boss Alan Joyce, and fiancee Jodie
Haydon)
Read More
EXCLUSIVE
The Flying Kanga-RORT - why you're footing the bill as airlines
wine and dine pollies in VIP club
Daily Mail Australia in August revealed that nearly every single federal politician in the country has accepted free membership of the club.
Qantas and the Albanese government have both denied the airline enjoys any disproportionate level of influence over the country's political classes.
A Daily Mail Australia audit of the members' interest registers - in both the House of Representatives and
the Senate - revealed almost 93 per cent of the nation's leaders have been 'gifted' membership to
the lavish, all-inclusive lounge.
The high profile ranks of government giftees include Prime Minister
Anthony Albanese as well as every member of his 22-person Cabinet, his
seven-person Outer Ministry and all 12 assistant ministers.
While most politicians declared their Qantas' privileges as a 'gift', Labor MP
Marion Scrymgour listed her membership as her 'Chairman Lounge entitlement'.
Daily Mail Australia in August revealed that nearly every single federal politician in the
country has accepted free membership of Qantas' exclusive Chairman's Lounge.
And it's not just politicians on the take, with more than 60
MPs - including Marles, Chalmers, King, Bill Shorten,
Zali Steggall and Tanya Plibersek - disclosing their spouses have also
been granted unfettered, independent access to Qantas' luxurious members only lounge.
Often touted as 'the most exclusive club in the country', membership to the Chairman's
Lounge has long been veiled in secrecy.
Even the entrances to each of the country's six opulent VIP clubs - in Sydney,
Melbourne, Brisbane, Adelaide, Canberra and Perth airports - are suitably
discreet.
Though, once inside, the designer lounges are immediately more ostentatious, with free à la carte
fine dining, table service, a decadent selection of wines and
Champagne and a discreet army of dedicated lounge attendants.
Membership to the club is 'priceless' - it cannot be bought
for any amount of money nor obtained via any amount of frequent flyers points.
Instead, each member is hand-picked and approved by the company's chief executive and
chairman.
Qantas |
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Oct 22 (Reuters) - Philip Morris International's (PMI) shares hit record highs on Tuesday after the cigarette maker raised its annual profit forecast and beat third-quarter estimates
thanks to higher prices and strong demand for
its smoking alternatives.
PMI has invested billions of dollars in developing substitutes for cigarettes as health-conscious consumers switch to smoking alternatives in some markets, including its IQOS
heated tobacco device and ZYN nicotine pouches,
which are now a key focus for investors.
U.S. ZYN shipments in the quarter grew 41.4% over the prior-year period, rebounding after supply constraints curtailed rapid growth.
The Marlboro maker has been investing to expand production capacity for ZYN,
in an effort to meet strong demand.
The company's flagship heated tobacco device, IQOS, also saw strong growth in regions such as Japan, Europe and Indonesia, reassuring investors after
volumes lagged expectations in the past.
"We delivered exceptionally strong performance, with record quarterly net revenues and earnings per share," said Chief Executive Officer
Jacek Olczak, adding IQOS growth had also accelerated.
PMI's shares rose 9%, and remained almost 8% higher at 11.43 a.m.
(1543 GMT) in New York trading.
The company also enjoyed higher shipment volumes for cigarettes, with higher pricing also driving a 5.2% increase in revenues
from its combustible tobacco business.
PMI raised its forecast for 2024 adjusted earnings
per share, excluding currency, to between $6.85 and $6.91,
compared with its prior range of $6.67 to $6.79.
It reported revenue of $9.91 billion for the third quarter, versus analysts' estimates of $9.69 billion, according to data compiled by LSEG.
Its quarterly adjusted profit of $1.91 per share also beat estimates of $1.82 per share.
Last week, Philip Morris said it, along with peers British American Tobacco and Japan Tobacco, would pay C$32.5 billion ($23.6 billion) to settle long-running health-related lawsuits in Canada.
(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shilpi Majumdar and Sharon Singleton) |
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