Australia to Aid Ailing Tourism With 800,000 Half-Price Flights
Jason Scott and Angus Whitley, Bloomberg News 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. Photographer: Brendon Thorne/Bloomberg , Bloomberg
(Bloomberg) Australiaâs government will subsidize 800,000 half-price air fares as part of a A$1.2 billion ($920 million) package to prop up the nationâs ailing tourism industry.
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, to be formally announced on Thursday, also includes further support for the international aviation industry, and will expand a government-backed
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California Cases Breach Record; FDA Faces Pressure: Virus Update
Bloomberg 12/11/2020 Bloomberg News
(Bloomberg) California’s new cases rose to a record with intensive-care availability at a low. Indoor dining at New York eateries will halt on Monday, dealing a setback to social and economic life, after the city breached virus benchmarks.
The Food and Drug Administration is facing White House pressure to approve the first Covid-19 vaccine for U.S. emergency use, which could begin as early as Monday. Separately, the U.S. government ordered another 100 million doses of a Moderna Inc. vaccine candidate.
France’s pace of infections increased further and Portugal reported record single-day deaths.