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Bonza Airlines gears up for 2022 launch, but why use the Boeing 737 MAX?

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In these pandemic times, the last business you’d think of entering the market is a new airline

But for Australia’s new budget airline, Bonza, the sky truly is your limit. 

Thousands of travellers have had their say about the new low-cost carrier ahead of its launch in the first half of 2022. 

Since Bonza was announced in mid-October, thousands of potential future customers signed up to learn more about the airline and what’s on offer.

Many completing an online survey to nominate their preferred Bonza destinations.

Carly Povey to lead the airline as Chief Commercial Officer

That’s in addition to over 3,600 Aussies who registered their interest in jobs

Bonza has revealed where Aussie travellers say they’d like the low-cost carrier to fly to and from. 

Being considered are destinations that spread far and wide across the country from Hobart to Broome, and Busselton to Cairns.

They also include travel from the regions with places like Albury, Tamworth, the Bundaberg and Newcastle all on the consideration list. 

The airline, backed by US firm 777 partners plans to use the Boeing  737 Max, an aircraft that’s had its fair share of bad press.

Chief Commercial Officer Carly Povey spoke to Ticker News’ Ahron Young – and says the 737 MAX is the aircraft of choice.

Bonza is currently in negotiations to firm up its launch route map

In parallel with airport discussions, the airlines leadership team continues to have conversations with State and Territory Governments to confirm where it’ll set up it’s head office

The industry has had its fair share of devastation, with the collapse of multiple airlines around the world.

Meanwhile the Australian aviation sector is set to slowly recover as state and international borders reopen, as the COVID vaccine rollout continues. 

Bonza has revealed where Aussie travellers say they’d like the low-cost carrier to fly to and from. 

Anthony Lucas is reporter, presenter and social media producer with ticker News. Anthony holds a Bachelor of Professional Communication, with a major in Journalism from RMIT University as well as a Diploma of Arts and Entertainment journalism from Collarts. He’s previously worked for 9 News, ONE FM Radio and Southern Cross Austerio’s Hit Radio Network. 

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World’s second-biggest fashion retailer blames Russia for 89% profit drop

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The Swedish fashion giant H&M says profits have dropped 89 per cent

They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.

Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.

The Russian exit accounted for half of the decrease in profits, according to the retailer.

H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.

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How Disney beat Netflix at its own game

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When it comes to streaming, there’s a new sheriff in town.

Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.

In comparison, Netflix lost nearly 1 million subscribers in the same period.

So what happened? How did Disney+ overtake Netflix so quickly?

There are a few factors at play.

For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service  has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.

In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.

Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.

The Disney effect

The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.

As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.

Factbox

What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.

When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.

What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.

What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.

Disney+ facts

Disney is spending $1 billion per year on its streaming service.

What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.

When was Disney+ launched? Disney+ was launched on November 12, 2019.

What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.

How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.

What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.

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The world’s largest online retailer gives staff a pay rise

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Workers at Amazon’s warehouse and transportation hubs are set to receive a pay rise

The world’s biggest online retailer says wages will increase to over 19 dollars, which is up from 18.

It’s part of a plan to help the company attract and retain workers in a very tight labor market.

Of course, the peak shopping season is also getting underway.

Amazon says the price increase will cost its company nearly one billion dollar in the next year alone.

The minimum for workers on an hourly wage will stay at 15 dollars.

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