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Australia unveils $928 million coronavirus support package to revive airlines, tourism
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Australia unveils $928 million coronavirus support package to revive airlines, tourism
metro.us - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metro.us Daily Mail and Mail on Sunday newspapers.
Dirt-Cheap Flights on Sale as Covid-Hit Airlines Take on Rivals
Bloomberg 3/10/2021 Angus Whitley
(Bloomberg) Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales and get a jump on competitors that have pared back operations.
Airlines worldwide cut $1 billion of expenses a day last year to cope with the slump in passengers, and that’s given them some wiggle room to lower ticket prices. More broadly, cost savings are emerging for carriers as unwanted planes become available on the cheap. Thousands of laid off flight crew are also eager for work, allowing some airlines to go on hiring sprees.
Australia to Aid Ailing Tourism With 800,000 Half-Price Flights
Jason Scott and Angus Whitley, Bloomberg News An aircraft operated by Qantas Airways Ltd. s low-cost unit Jetstar Airways prepares to land at Sydney Airport in Sydney, Australia, on Wednesday, Feb. 17, 2021. Qantas is scheduled to release earnings results on Feb. 25. Photographer: Brendon Thorne/Bloomberg , Bloomberg
(Bloomberg) Australiaâs government will subsidize 800,000 half-price air fares as part of a A$1.2 billion ($920 million) package to prop up the nationâs ailing tourism industry.
To run from April 1 to July 31, the discounted fares are designed to help tourism-dependent regions and should support airlines, hotels and hospitality venues, Prime Minister Scott Morrison said in a statement. The package, to be formally announced on Thursday, also includes further support for the international aviation industry, and will expand a government-backed
S&P/ASX 200 Index (ASX: XJO) investors are increasingly worried about rising inflation. But you shouldn’t lose any sleep over it. At least, not yet.
Inflation, which was stubbornly absent over recent years, has been ticking up. Which shouldn’t come as any surprise.
Not with global central banks ramping their quantitative easing (QE) programs to record levels and holding real interest rates near or below zero. All while developed nations are pouring trillions of dollars into their economies to prime them for their post COVID recoveries.
The latest mammoth stimulus package is set to launch in the United States. This after the US Senate passed President Joe Biden’s US$1.9 trillion (AU$2.4 trillion) pandemic-relief bill.
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