That is a distinct possibility according to a published report, but Qantas Airways officials have declined confirmation.
Qantas investors could take a direct stake in the group’s lucrative Frequent Flyer arm under a proposal to spin the loyalty program into a separately listed company, according to the report. The group would be divided in two with its Australian investors given shares in the spin-off under a plan the airline is considering.
“According to speculation sweeping the industry, the demerger is a serious....