Qantas has dispatched letters or emails to travellers to about one million Australian customers.
The communication details a $105 million settlement for flights that were cancelled amid the pandemic.
The airline reports the payout will be distributed to eligible passengers who lost trips and will be finalised over the next few weeks in the coming weeks.
On that day, Virgin Australia revealed it still holds $93 million in unused flight credits still dormant.
This amount was disclosed as the airline’s chief executive received a salary increase in the latest review.
Virgin has not yet announce any plan to release the credits so far.