Qantas is hardly going to come out and say it is a flop.
There is a striking statistic in the press release. 80,000 seats have been booked with Classic Plus in the first 3 months of operation.
Qantas have claimed there are 20 mil new reward seats under Classic Plus. That means they have sold 0.4% of available seats, a low figure by pretty much anyone's estimation.
Now that undersells it because the 20 mil figure is presumably all Classic Plus seats and they haven't rolled out the program to domestic seats yet.
So to be fair to Qantas, the latest
BITRE statistics have Qantas International operating 550,000 seats to/from Australia in April 2024. That gives Qantas about 6.6mil seats over a 12 month period. That means 1% of seats for the coming 12 months have been purchased using Classic Plus.
About a year ago, Qantas claimed that 1 in 11 seats were classic award seats with a total capacity of 5 million seats.
Classic Plus is currently 10% the size of the classic awards program with 400% more seats available.
Qantas might publicly claim to be happy with the result, but these figures are telling.
Edit: Another way of splicing the numbers.
If most customer are booking a return ticket using Classic Plus for 1.5 passengers (ie a rough split between a customer buying a solo ticket and a customer buying tickets for two people), that means they've only had ~27,000 members use the program.
That is, 0.2% of Qantas' Frequent Flyers.