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May 6 (Bloomberg)—Qantas Airways Ltd., Australia’s biggest carrier, said investors are ignoring the value of a 7- million member frequent-flyer program that’s more profitable than its two airline units.
“We want to see investors value it appropriately in the share price,” Qantas Frequent Flyer Chief Executive Simon Hickey, 44, said by phone yesterday, without giving a value for the unit. “We’re a very steady business with good cash flows and a steady growth profile.&rdquo....
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