ScoMo gives half-price airfares to save tourism

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The Morrison Government will today reveal details of a $1.2 billion stimulus package for the aviation and tourism sectors.

In particular, the government will subsidise airfares for domestic travellers who visit regions that have been hard hit by the loss of international tourists, while Qantas and Virgin Australia will receive ‘retention payments’ to ensure that they keep staff on for six months after the JobKeeper wage subsidy scheme ends.

From The AFR:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.