Half-Price Flights Aimed to Boost Australia’s Ailing Tourism
Bloomberg 3/10/2021 Jason Scott and Angus Whitley © Bloomberg 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.
(Bloomberg) Australia’s government will subsidize 800,000 half-price airfares as part of a A$1.2 billion ($920 million) package to prop up the nation’s ailing tourism industry. Stocks in the nation’s aviation and travel industries jumped.
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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 also includes further support for the international aviation industry, and will expand a government-backed loan program to small and
Half-Price Flights Aimed to Boost Australia s Ailing Tourism
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