Money

Aussie Airline war intensifies over COVID refunds

Published

5 years ago

June 2, 2021

REX Airlines has taken another aim at Australia’s national carrier, Qantas – this time over COVID refunds

Rex, placing full-page ads in today’s newspapers accused its rival of failing to provide more than a billion dollars’ worth of refunds during the pandemic.

Rex Airlines‘ ads show dozens of social media posts from angry Qantas customers complaining about the national carrier’s refund process.

The regional Australian carrier which has recently expanded its network has spruiked its “COVID refund guarantee” policy, as a way of winning new customers. Regional Express promises to offer a full cash refund on tickets sold after April 1 to any passengers whose travel plans are disrupted because of a direct COVID-related reason, such as the current lockdowns in Melbourne, Australia.

Rex deputy chairman John Sharp said the airline had also refunded every passenger who had requested their money back because of travel plans interrupted by COVID on tickets sold before April 1.

“Rex believes that it is extremely important for the airline industry to do as much as they can to reinstill confidence in people to book and pay for a flight,”
Mr Sharp Said.

Sharp took aim at Australia’s leading airline, accusing Qantas of doing the opposite and “undermining the confidence” of passengers by “making it extremely difficult” for its passengers to get a refund.

Related Topics:airline aviation Business trending

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U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

16 hours ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

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Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

18 hours ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

3 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

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