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Qantas pushing back dates, not planes

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International travel is set to remain off the cards for Qantas for much longer than hoped for

SYDNEY, AUSTRALIA – JULY 22: Qantas Airways Boeing 737-800 planes sit parked on the runway at Sydney International Airport on July 22, 2020 in Sydney, Australia. (Photo by David Gray/Getty Images)

Australia’s biggest airline has been forced to push back its international travel date from October to late December 2021.

In a statement, Qantas said the Australian Federal Government has “revised its anticipated timeline for the completion of Australia’s vaccine rollout to end-2021 and its timeline for significantly reopening our international borders to mid-2022.”

In light of these two dates, the Qantas Group will adjust its planned international flights from end-October 2021 to late December 2021.

The trans-Tasman bubble with New Zealand at this stage remains unchanged.

We remain optimistic that additional bubbles will open once Australia’s vaccine rollout is complete to countries who, by then, are in a similar position”

This planning assumption will allow the Qantas Group – and Australia – to be ready to take advantage of pockets of tourism and trade opportunity as they emerge in a post-COVID world.

Qantas said they will keep reviewing these plans as they move towards December and surrounding circumstances evolve.

In the meantime, the Qantas Group will continue to provide critical repatriation and freight flights overseas and support the recovery of domestic travel. The resurgence of domestic travel remains the most important element of the Group’s recovery.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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