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Qantas Air sells old seats to travellers awash with miles

Bloomberg Qantas Airways Ltd will auction off items including a pair of old A380 business-class seats in a points-for-prizes sale to use up air miles amassed by frustrated travelers during the pandemic. Daily auctions kicking off next week include 2-1/2 hours in a Boeing Co 787 simulator for at least 50,000 loyalty points, Qantas said. Bids for a private charter ...

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Online retailers tumble after Amazon sales damp outlook

Bloomberg Shares of e-commerce companies fell sharply, with several seeing their steepest declines in months, after Amazon.com Inc’s weaker-than-anticipated sales damped the outlook for other retailers. Amazon shares fell as much as 8.1%, their biggest one-day intraday drop since May 2020. That came after its revenue lagged forecasts for the first time since 2018, according to data compiled by Bloomberg, ...

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Boeing jumps on first profit since 2019 as Covid woes ease

Bloomberg Boeing Co earned a profit for the first time in nearly two years, surprising Wall Street and hinting at a budding turnaround after one of the worst financial crises in the planemaker’s century-long history. The shares jumped. Adjusted earnings of 40 cents a share weren’t the only sign of progress in the company’s second-quarter financial results. In addition, the ...

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