BusinessWorld
May 6, 2021 | 7:26 pm
An American Airlines passenger jet glides in under the moon as it lands at LaGuardia airport in New York, Aug. 28, 2012. REUTERS
THE US is spearheading a nascent revival in overseas air travel as people jump at the chance to fly to destinations in Mexico and the Caribbean without quarantines or other Covid-related restrictions.
New York to Santo Domingo and Santiago de los Caballeros, the two biggest cities in the Dominican Republic, are among the world’s busiest overseas routes this year, according to aviation analytics company Cirium. Neither made the top 10 before the pandemic. Orlando to San Juan in the US territory of Puerto Rico sits at second-busiest overall, behind Moscow to Simferopol, in the disputed Crimea region.
SYDNEY (REUTERS) - Australia's competition regulator said on Thursday (May 6) it proposed to deny authorisation for a joint business agreement between Qantas Airways and Japan Airlines (JAL) covering flights between Australia, New Zealand and Japan.. Read more at straitstimes.com.
Synopsis
The S&P/ASX 200 index declined 0.5 per cent to close at 7,061.70, after three straight sessions of gains.
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Financial stocks dropped 0.7 per cent, with National Australia Bank sliding 3 per cent, despite posting 95 per cent surge in cash profit for the half year.
Australian shares fell on Thursday, dragged down by a sell-off in tech shares, while the country s escalating tensions with China and fresh coronavirus curbs in Sydney also weighed on investor sentiment. The S&P/ASX 200 index declined 0.5 per cent to close at 7,061.70, after three straight sessions of gains. Technology stocks fell 3.6 per cent, mirroring overnight Nasdaq losses, after Treasury Secretary Janet Yellen suggested that interest rates might need to rise in an overheating economy.
Emirates fits upscale coach class in A380s as market mutates
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Emirates fits upscale coach class in A380s as market mutates
The change should help adapt the Emirates fleet to a post-Covid travel market in which well-heeled leisure passengers may be prepared to pay more for extra personal space
May 6, 2021
Emirates will install premium-economy cabins in three of its existing Airbus SE A380 superjumbos as it prepares for an anticipated shift in demand once the airline industry emerges from the coronavirus crisis.
China suspends China-Australia economic dialogue Travel stocks hit as Sydney reintroduces virus curbs (Updates to close)
May 6 (Reuters) - Australian shares fell on Thursday, dragged down by a sell-off in tech shares, while the country’s escalating tensions with China and fresh coronavirus curbs in Sydney also weighed on investor sentiment.
The S&P/ASX 200 index declined 0.5% to close at 7,061.70, after three straight sessions of gains.
Technology stocks fell 3.6%, mirroring overnight Nasdaq losses, after Treasury Secretary Janet Yellen suggested that interest rates might need to rise in an overheating economy.
Buy-now-pay-later firm Afterpay led tech losses, plunging 7%.
Aerial imagery tech firm Nearmap Ltd was the top percentage loser on the benchmark, plunging over 23.3% after it said a patent infringement complaint was filed in a U.S. District Court over the company’s roof-estimation technology.