‘QantasKeeper’ drives rally in grounded travel stocks

  • 📰 smh
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Australia’s downtrodden listed travel sector has received a shot in the arm courtesy of a $1.2 billion federal support scheme that drove major beneficiary Qantas’ share price to a four month high on Thursday

$1.2 billion federal support schemeQantas said the scheme to stimulate domestic travel demand with 800,000 half-price airfares would get more of its planes back in the sky faster. The airline has already set an ambitious target to be at 80 per capacity by mid-year on hopes the vaccine rollout would end state border closures.

The rocketing Flight Centre share price came despite managing director Graham Turner saying the support package would not help his business because the airlines would sell the discount tickets directly, and doubted it would significantly help the industry recover.“I don’t think that [the package] will make much difference,” Mr Turner said in an interview. “It’ll help a few communities but it won’t be that significant itself.

ASX-listed country airline Regional Express’ deputy chairman John Sharp dubbed the government package “QantasKeeper” and said the choice of destinations made no sense if it was supposed to prop up the tourism industry. About 9000 Qantas employees and 1000 Virgin employees remain stood down, with most international pilots and crew not expected to have any meaningful work until at least October.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Did the LNP write that headline for you? Those of us who work in travel see this as a big nothing burger...

.. 'Where's Wally' ?

AbbasHejri another live example on how quickly the unreceived support is reflected in market data while it takes ages to see the effect on accounting data ;).

Scotty fucken morrow, eh❗️What a great little prime mincer❗️Best fucken prime mincer since fucken Hawkie❗️You go Scotty 👍🏼👍🏼👍🏼👍🏼😉

“It is a very small, very meagre package at best,” Flight Centre managing director Graham Turner told Nine on Thursday.

Stop paying job keeper to those that cannot afford to lose it. Give that money to airlines so that those that don’t need job keeper can have a holiday. Odd.

Morrison Govt 1.2 billion Tourism Stimulus The Aviation Union & Labor criticising the Morrison Govt Unions Support Labor, Labor wants Zero emissions & The only way to get net zero emissions by 2050 is to stop flying Airplanes There goes the Jobs in Aviation you Hypocrites

What a tosser Morrison is. Always after the dollar over people.

The package also excludes departures from most of the country, therefore encouraging the rest of us to wait to take up offers from international operators in the near future?

Disgraceful - taxpayers money should be directed towards faster delivery of vaccines making us all safe to travel widely around the nation, not just lNP pork-barrelled destinations.

Is he seriously trying to daggydad his way out of the multilayered quagmire he's in?

Does this Grin on demand Media tart Hold a Pose

Pretty Useless For Queenslanders

It’s really corporate welfare to the airlines, dressed up as a tourism package and a bit of pork barrelling on the side.

This is the PayOff for AlanJoyce of Qantas boasting about CovidVaccine passport requirements. Makes me sick seeing these crooks do Deals right in front of our faces

They aren't real good at maths. Either that or they are corrupt. $1.2 billion given to Jobseekers would help local hamburger shops / small businesses everywhere. 1.2 billion given for half price holidays only gives to the already bloated.

When is this shit going to end the bloke and his cabinet are absolute shite, it’s beyond ridiculous!

No doubt Morrison and is dodgy cabinet mates all purchased Qantas shares yesterday. In their wives or mistresses names of course.

Meanwhile Qantas is price gouging & praying on Vulnerable Aussies stranded overseas.

Make a sweetheart exemption for all couples who are in a long term exclusive dating relationship. Please reunite us.GladysB JulianHillMP NickMcKim KKeneally ScottMorrisonMP GregHuntMP

Diamond Dave Sharma's recent buy up of Qantas shares are worth even more now. It's good to have some inside knowledge eh?

Super, but half that for aged care will crack the piggy bank, no can do? Sounds about right for ScottMorrisonMP. ScottyHatesOldPeople

'The liberal party has given Qantas yet another tax payer dollar shot in the arm' fixed it for you

More corporate welfare.

Australia’s downtrodden pay taxes to prop up the higher-flying QANTAS qantaskeeper

Qantas is fast becoming an un-Australian icon. 😠

grinningidiot

Qantas is a thief

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines