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Air New Zealand cancels over 1,000 flights to and from Australia

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20,000 travellers looking to cross the Tasman this holiday season have had their flights cancelled over growing uncertainty over quarantine-free flights between NZ and Australia

Auckland will come out of a three-and-a-half-month lockdown on December 3 at a time when New Zealand gives up on wiping out the Delta variant and instead starts to live COVID, officially ending its COVID-Zero strategy.

But with no sign of when quarantine-free travel would be resuming with Australia, Air New Zealand on Monday afternoon announced the cancellation of more than 1000 flights.

The flights between now and December 31 are the latest to be scrapped since New Zealand suspended the so-called travel bubble in July.

The border bubble suspension followed COVID Delta outbreaks in New South Wales and Victoria.

“This will be particularly tough news for families and friends who were hoping to catch up over Christmas…. But our hands are tied until border restrictions ease, and we receive further clarity from the New Zealand Government,” Air New Zealand chief customer and sales officer Leanne Geraghty said, in a statement.

Currently, fully vaccinated travellers can fly from New Zealand to Australia without going through quarantine by presenting a negative PCR test, but those travelling to NZ must undertake two weeks of hotel isolation.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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