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Qantas auction sparks multi-million point spending ‘frenzy’

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Qantas wins in another High Court battle

Qantas’ first-ever points auction has blown expectations out of the sky

Loyalty members have splashed up to 12.3 million Qantas points in a bid to nab some exclusive items.

Among the unique launch offerings, were a rare set of Qantas lie-flat business Skybeds and a lavish Dash-8 private charter flight for up to 30 mates.

Two Qantas A380 sky beds used for crew training since 2008 have “sold” for two million frequent flyer points and that equates to around $40,000.

With little flying going on, Qantas came up with the concept of a “points auction” to engage frequent flyers who have continued to amass points from activities like credit card use and grocery shopping.

Five items or experiences have gone up for auction since Monday, with the sky beds attracting the second-highest bid to date.

Qantas A380 Skybeds

Other items to go under the hammer in the daylong auctions included a Boeing 787 simulator experience with a Qantas captain which went for 1.2 million points.

A soccer clinic for 20 children with Socceroos coach Graham Arnold attracted a winning bid of 501,000 points and a holiday for four to Queenstown flying in business class “sold” for 3.76 million points.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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