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In August, 2021, in Australia, Qantas Ltd and Flight Centre Ltd (an airline and a holiday booking company) both announced substantial financial losses for the
In August, 2021, in Australia, Qantas Ltd and Flight Centre Ltd (an airline and a holiday booking company) both announced substantial financial losses for the financial year, 2020-21. Yet on the day of these announcements, the share prices of each company rose by between 3% and 5%. Give two possible reasons for these share price rises.
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