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Qantas buys stake in Byron Bay travel website

Lucas Baird

Qantas will keep chasing inorganic growth opportunities like its investment in Byron Bay-based booking website TripADeal as the travel market revives after two years of virus-enforced turmoil, chief executive Alan Joyce says.

The purchase of a 51 per cent stake in the company for an undisclosed sum comes as the airline’s loyalty segment stretches its legs with partnerships in the financial services, telecommunications and accommodation spaces in a bid to make $500 million to $600 million in earnings by financial year 2024.

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/transport/qantas-buys-stake-in-byron-bay-travel-website-20220524-p5anx6