Australia’s national carrier has made drastic changes to its operating schedule as the country’s border spat continues
Qantas on Monday announced that it is bringing forward the resumption date of popular flight paths by at least a month, after both the Victorian and New South Wales governments revealed their roadmaps out of lockdowns.
Flights between Victoria and New South Wales will now begin on November 5, earlier than the previous date of December 1. The change is based on Victoria’s reopening plan.
However, as previously flagged, Qantas will temporarily reroute its flagship Perth-London service until at least April 2022 due to border restrictions with Western Australia
Qantas says, internationally, flights are still on track to gradually restart from 18 December 2021 onwards when Australia is expected to have reached National Cabinet’s ‘Phase C’ vaccination threshold of 80 per cent. However, as previously flagged by the airline, Qantas will temporarily reroute its flagship Perth-London service until at least April 2022 due to the latest WA border settings and assumptions.
Qantas staff talk to passengers onboard a flight bound for Auckland on April 19.
Qantas is in detailed discussions with the Northern Territory Government and Darwin Airport to assess operating the direct London flight from Darwin during this time
The national carrier has successfully used Darwin as a hub for its repatriation flights to various destinations across Europe, Asia and the Middle East over the past 12 months.
The discussions for what would be a daily Melbourne-Darwin-London service focus on the logistics of domestic and international transit under the current NT Government Plan for COVID-Management at Stage 3 of the National Plan. If this service can’t operate through Darwin, it will instead fly Melbourne-Singapore-London until at least April 2022. A decision on the exact routing is likely to be made within the next two weeks.
Qantas Group CEO, Alan Joyce, said: “It’s great to see plans firming up for some domestic borders opening given the success of the national vaccine rollout.
“We’re now planning to ramp up flying between Melbourne and Sydney, which is usually the second busiest air route in the world, almost a month earlier than expected. There are also a lot of regional destinations that will open up for the first time since June, which is great news for tourism as well as family and friends who can’t wait to see each other again.”
“Get ready to see some emotional reunions at airports from late-October onwards.”
The intense discussions with WA
Qantas says: “Based on our discussions with Western Australia we know their borders won’t be open to New South Wales and Victoria until early next year, so we’ve sadly had to cancel the flying we had planned on those routes in the lead-up to Christmas. We will maintain a minimum service for people with permits to travel, though, as we have throughout the pandemic.”
“At this stage, WA doesn’t intend to open to international travel until sometime next year, so we’ll unfortunately have to temporarily move our Perth-London service until at least April 2022. Instead of operating from Melbourne to Perth and then on to London as it usually does, this flight will operate from Melbourne to London via either Darwin or Singapore, depending on conversations we’re having with the NT in the coming weeks. We look forward to operating this flight via Perth again when circumstances allow.”
“The pace of the vaccine rollout means we’re still on track for international flying to restart from 18 December onwards.”
Should State or Federal roadmaps change, and flights are cancelled, customers may be eligible for a refund, credit voucher or to change the date of their travel
Further details are available on Qantas and Jetstar’s websites.
International flights remain subject to Government and Regulatory approval.
Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.
Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.
Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.
All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.
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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.
Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.
Tech Sector
Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.
Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.
Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.
Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.
But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.
Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.
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