Moderator: Asiana & Qantas Frequent Flyer
Join Date: Dec 2006
Location: STR/SYD/SMF
Programs: QF LTG / P1 , LH LT SEN / HON, OZ LT Diamond +, Marriott LT PT, HH Diamond,
Posts: 15,108
This is exactly number_6's point. They only report incremental costs so the liabilities are quite low.
QF will not release unsold seats as awards. They allocate a certain amount in advance and might add some more later but they certainly do not make vacant seats available for award bookings (unless you have status and ask for it).