January 28, 2010 / 12:17 PM / in 8 years

UPDATE 1-Points International raises 2010 revenue view

* Sees FY10 rev view of C$75 mln-C$85 mln

* Expands partnership with US Airways

Jan 28 (Reuters) - Points International Ltd PTS.TO, which owns and operates reward program management website Points.com, raised its fiscal 2010 outlook and announced a multi-year extension of its partnership with US Airways Dividend Miles.

The company now sees revenue between C$75 million and C$85 million, up from its prior range of C$60 million to C$70 million.

“Our upwardly revised guidance reflects that within the past three quarters we will have entirely remediated the financial impact of last year’s recast Delta/Northwest partnership,” Chief Executive Rob MacLean said.

In addition to US Airways, a number of existing loyalty partners renewed their relationship with Points, including American Airlines, Intercontinental Hotel Group, Lufthansa Airlines, Starwood Hotels, JetBlue and Hawaiian Airlines.

Shares of the company closed at 45 Canadian cents, Wednesday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Anil D‘Silva) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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