Composite = Value 52×.35 + Stability 80×.25 + Liquidity 24×.20 + Consistency 33×.10 + Drag 43×.10 = 50.6.
Audit trail. Median computed from 29 priced corridors across 3 distinct chart cells (a chart cell = one points price × cabin). Pricing basis: chart. Value source: v5.3 route database — premium long-haul 5.5¢ on 18 routes (weight 70%) · everyday (economy + short-haul) 1.8¢ on 11 routes (weight 30%). Surcharge drag: 8.5%. Coverage is Thin — rating capped at AA and flagged Under Review: a median built on ≤2 chart cells is one observation, not a distribution.
Short-haul oneworld distance bands (intra-Asia, trans-Tasman) — the chart rewards short premium hops, not the long haul
3 of 6 bank currencies transfer in — Amex MR 1:1 · Capital One 1:1 · Citi TY 1:1
Amex 1:1 CapitalOne 1:1 Citi 1:1
US–Sydney business on QF metal is scarce; AA partner space fills the gap
Transpacific distance-band pricing is expensive; Classic release rates fluctuate
| Index | Rating | Score | Median (net) |
|---|---|---|---|
| Master | BBB | 50.6 | 4.39¢ |
| Domestic USA | not researched | — | — |
| International | BBB | 50.6 | 4.39¢ |