In 2026, 40,000 Velocity Points (Virgin Australia's loyalty currency) offers significant value, particularly for domestic travel or upgrades. For example, 40,000 points is enough for four one-way "Reward Seats" in Economy on short-haul routes like Sydney to Melbourne or Brisbane (typically 7,800–10,000 points each + taxes). Alternatively, if you prefer luxury, it is enough for roughly two one-way Business Class Reward Seats on similar short routes. For those with existing Economy tickets, 40,000 points can cover up to eight domestic "Upgrade Me" requests from a flexible Economy fare to Business Class, depending on the distance. In 2026, you can also use these points for international "partner" flights on Qatar Airways or Singapore Airlines, though 40,000 points usually only covers a one-way Economy leg to nearby Asian hubs. It is widely considered that using the points for Business Class upgrades provides the highest "cents-per-point" value in the 2026 travel market.