Qantas plans to launch what it says will be the world’s longest nonstop commercial flight in October 2027, connecting Sydney and London with a journey expected to last up to 22 hours.
The Australian airline announced Wednesday that nonstop flights between the two cities will begin operating as part of its long-awaited Project Sunrise initiative, which aims to connect Australia’s east coast directly with major global destinations.
Qantas unveiled the first of its specially configured Airbus A350-1000ULR aircraft at Airbus’ manufacturing facility in Toulouse, France. The aircraft has been modified for ultra-long-haul travel and includes an additional 20,000-liter fuel tank that allows it to travel more than 16,000 kilometers, or nearly 10,000 miles, nonstop.
The Sydney-London route will become the first nonstop service between Australia’s east coast and the United Kingdom. According to Qantas, the flights will reduce travel time by as much as four hours compared with existing one-stop itineraries.
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“Since we first flew the Kangaroo Route in 1947, where we stopped seven times on the way to London, every generation of aircraft has taken a stop out of the journey,” Qantas Group CEO Vanessa Hudson said in a statement. “Today, we’re taking out the last one.”
The launch marks a significant milestone for Project Sunrise, an initiative first announced by Qantas in 2017 to push the limits of commercial long-haul travel.
Qantas said the A350-1000ULR aircraft were designed specifically for the project and will carry 238 passengers across four cabin classes. The airline plans to take delivery of 12 of the aircraft.
The carrier said nonstop Sydney-London flights will go on sale in February 2027 ahead of the service launch later that year.
The route is expected to surpass Singapore Airlines’ nonstop service between Singapore and New York, currently regarded as one of the world’s longest regularly scheduled commercial flights.
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Qantas cited recent research showing growing demand for ultra-long-haul travel, with 70% of surveyed Australians indicating they would consider booking a nonstop flight of that length. Among premium travelers, interest rose to 80%, according to the airline.
The company said more than 1.7 million passengers have flown on its existing nonstop long-haul routes since 2018, including services linking Perth with London, Rome and Paris.
Qantas plans to expand Project Sunrise beyond London. The airline confirmed that Sydney-to-New York will be the next route added to the network, with additional details expected next year.
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The airline said pilots, cabin crew and maintenance personnel are already undergoing training ahead of the aircraft’s arrival and entry into service.

Abercrombie & Fitch ‘s Hollister is branching out of its apparel roots and partnering with Target to start selling home and dorm decor for the first time as both brands look to new categories to drive growth.
The collaboration, dubbed The Hollister Collection at Target, will launch online, in most Target stores and select Hollister locations on June 28 and will feature almost 60 items across men’s and women’s apparel and bedding.
Hollister’s tie-up with Target comes as both companies contend with declines in discretionary spending and waning consumer confidence, which have forced retailers to get creative to entice shoppers to spend.
Hollister, Abercrombie’s brand targeting shoppers ages 13 to 22, has been comfortably growing for much of the past year but is looking to become more of a lifestyle brand that sells more than clothes. By offering a wider assortment, especially across a larger footprint, Hollister can acquire new customers, encourage existing shoppers to spend more and create a new pipeline for organic growth.
On the other hand, Target already has a large home and dorm decor department but has long leaned on brand collaborations as a competitive differentiator, especially because they’re not as common at rival Walmart . Across the business, it has regularly brought in buzzy names like Kendra Scott, Diane von Furstenberg, Bombas and Champion, even before it was dealing with sluggish sales and shrinking profits.
For both companies, the collaboration offers access to the lucrative back-to-college shopping market, which reached $88.8 billion last year, or about $1,325 in spending per person that participates, according to data from the National Retail Federation.
Within that market, spending on dorm or apartment furnishings has been steadily growing for more than a decade. In 2025, it reached $12.8 billion, second only to electronics or computer-related equipment.
Hollister’s expansion into home and dorm decor comes as sister brand Abercrombie & Fitch expands into outside footwear brands like Puma, Sperry and Hunter as a means to drive growth. In interviews with CNBC, executives said category expansion across the business can both draw in new customers and entice existing shoppers to spend more.
With Target’s “brick-and-mortar presence, we should be able to expose the Hollister brand to people who aren’t shopping with us today,” said Corey Robinson, the company’s chief product officer, overseeing both the Abercrombie and Hollister brands. “And then with those customers who love us so much today, to be able to be an even bigger part of their lives is something we’re looking forward to.”
Under the terms of the collaboration, Hollister and Target are working together to design the products while Target, given its expertise in the space, will handle manufacturing, Robinson said. The collaboration will last at least through next year with drops expected during the fall, holiday and spring 2027 shopping seasons.
“Moving beyond just bedding and thinking about blankets, wearable blankets, plush, that’s how we will evolve the partnership,” Robinson said. “With our target age, dorm is top of mind. From a seasonality perspective, there’s a lot of ways you can refresh your dorm, and decorate with newness based on seasonality.”

Like many of the world’s richest people, Amazon founder Jeff Bezos is no stranger to investing his wealth into other companies in order to make the number next to his net worth keep going up. Many of these wheelings and dealings have proven wise, such as Amazon’s acquisition of Whole Foods, Audible, and Twitch. Some, like SpaceX competitor Blue Origin—recently in the news for delivering one of the most spectacular explosions ever caught on film—are still finding their footing.
As any investor knows, not every speculation will pay off. Now decades into his time as a member of the 0.01 percent, it should come as no surprise that even Bezos has hit his share of whammies. Some were unfortunate whiffs on reasonable ventures like LivingSocial, the Groupon competitor Amazon sunk $175 million into in 2010 only to see it collapse and be bought by Groupon for $0 six years later. Other investment stumbles were the result of more seismic, industry-wide shifts—in a 2014 interview with Business Insider, Bezos likened the loss of his $50 million Pets.com buy-in to “getting a root canal with no anesthesia.”
But according to a soon-to-be-published book by New York Times writers Jonathan Swan and Maggie Haberman, Regime Change: Inside the Imperial Presidency of Donald Trump, the tech titan bemoans a much more recent investment as the worst of his life: The Washington Post.
At a December 2024 dinner with President Trump, just two months before laying off over 300 people at the paper, Bezos was heard complaining about Post staffers, reports the California Post after reviewing an excerpt ahead of the book’s June 23 release date.
“The people there are terrible,” Bezos griped to Trump. “They don’t listen. My other companies, they listen.”
Bezos’ failure to shape the newsroom in his worldview wasn’t for lack of trying. In the weeks leading up to the November 2024 election, he personally intervened to squash the paper’s already-written endorsement of Kamala Harris. And as he posted on X in February 2025, weeks after slashing staff, the paper’s new insubordination-free opinion page would be “writing every day in support and defense of two pillars: personal liberties and free markets.” The damage had already been done, however. After seeing the nearly 150-year-old media institution reduced to a rag in the ill-equipped hands of a would-be Hearst, it’s no surprise Post subscribers abandoned ship in droves.
Though Bezos points to the Post’s $100 million in losses in 2024 as the impetus for the downsizing, Swan and Haberman’s recording of that dinner with Trump hint at a more complicated, emotional reason.
“In Trump’s telling, Bezos told him he had lost half his friends over the investment,” the authors told the California Post. “Bezos would tell others that wasn’t quite right: He hadn’t lost friends, but people close to him had urged him to sell the newspaper.”

American gas stations are now charging less than $4 for a gallon of regular gas, dropping below that benchmark for the first time since March 30.
The US national average dropped to $3.999 per gallon on Thursday, according to AAA, down nearly 3 cents from the day before. Indiana has the cheapest average price at $3.40, one of 28 states where the average price is below $4. GasBuddy, another tracking service, puts the price early Thursday at about $3.98, after falling below the $4 on Sunday.
The milestone comes just as the Strait of Hormuz is set to reopen, part of an official memorandum of understanding between Iran and the United States to end the war. The strait’s closure in late February choked off about 20% of the world’s oil supply, causing gas and oil prices to soar.
The national average price at the pump has fallen every day since hitting a high of $4.56 on May 21 on hopes that ongoing negotiations would lead to a reopening of the strait. But even if prices continue to fall, experts don’t expect them to hit the pre-war average of $3 per gallon any time soon.
First, it will take time for the flow of oil to return to normal levels.
Matt Smith, lead oil analyst at Kpler, told CNN it will likely take three or four months to fully get tankers sailing through the strait again. To replenish supplies lost during the months of fighting will take even longer, he added.
But ships stuck in the Persian Gulf aren’t the only issue. Much of the oil production and refining in the region essentially shut down when tankers were cut off. Some oil facilities were also damaged by the fighting, so it will take some time to get them back online, according to experts.
And crude is a global market. Even if relatively little oil from the Middle East is bound for the United States, the world’s largest oil producer, its flow still determines what American consumers and businesses pay. And long-term oil prices, which is the biggest influence on the price of gas, don’t show signs of falling back below the pre-war $70 a barrel level any time before the next decade.
Gas station owners will also lower prices at a slower pace than they raised them. That’s because many cut into their own profit to stay competitive as wholesale gas prices rose. Many may now try to make up for that loss.
“There’s an old expression – gas prices go up like a rocket and come down like a feather,” said Tom Kloza, an independent oil analyst and advisor to major oil company Gulf Oil.
That is part of the reason that the average retail price has fallen by an average of only 2 cents a day since its peak. Compare that to the more than $1 price hike during the first month of the war, the largest one-month jump this century.
Excess oil inventories and releases from emergency reserves around the world kept oil and gas prices from going even higher. With inventories now at the lowest levels in decades, some experts expect pump prices could climb well above $4 a gallon again later this summer as the driving season heats up. And even if it doesn’t, getting back below $3 again is extremely unlikely.
“We’ll figure out what the new normal is,” said Dan Pickering, founder and chief investment officer at Pickering Energy Partners. “But it isn’t going to be $2.85 gasoline.”
CNN’s David Goldman contributed to this report.

Intel ‘s stock rose 9% in premarket trading on Thursday, after President Donald Trump said the semiconductor company had agreed to a deal with Apple to design and build chips in the U.S.
“Stupid Presidents took our Economy for granted, and let Taiwan and others steal our Semiconductor Factories,” Trump said in a post on Truth Social. “Apple has agreed to work with Intel to design and build its Chips in America.”
Intel’s stock has seen significant gains recently after struggling for years, having relinquished its dominant market position. The stock has surged 464% in the past 12 months, with the company hitting a market cap of $608.7 billion.
Intel shares were last 8.8% higher, while Apple was up 0.6% in premarket trading.
CNBC has approached Intel, Apple, the White House and the Taipei Representative Office in the U.K. for comment.
For years, Intel largely sat out the AI race as it grappled with manufacturing delays and awaited a major customer for its chip fabrication business.
But CEO Lip-Bu Tan, who took the helm early last year, has revived Wall Street interest in the struggling chipmaker by drawing investments from Nvidia and the Trump administration.
“I decided to help Intel because we need to design and build our Chips right here in America,” Trump said Thursday on Truth Social.
“First, we helped bring in Nvidia, and they agreed to build their first level Chips with Intel,” he added. “Next, Elon agreed to build his TerraFab, the largest Chip Factory in the World, designed together with Intel’s Technology team.”
The Terafab project is the first major outside commitment for Intel’s capital-intensive foundry business, which had only manufactured chips for its own products.
While conflict in the Middle East has disrupted supply chains and seen oil prices skyrocket, the AI boom has so far insulated stocks, especially those tied to infrastructure around the technology.
Nasdaq’s PHLX Semiconductor Sector Index — comprising the 30 largest U.S.-traded chip companies — is up 90% so far this year.