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Aussie Airline war intensifies over COVID refunds

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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.

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US dollar strength hits NZ dollar amid FX market shifts

US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.

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US dollar rises amid strong US growth; New Zealand faces pressure as traders navigate volatile FX and geopolitical impacts.


The US dollar is surging as strong economic growth in the United States contrasts with softer conditions in New Zealand. Policy divergence and complex global FX factors are putting pressure on the New Zealand dollar, leaving traders navigating choppy waters.

Steve Gopalan from SkandaFX breaks down how US interest rates are influencing key currency pairs like USD/JPY, and explains why hedging flows are crucial in today’s volatile environment.

We also explore the ripple effects of geopolitical tensions on oil and broader markets, while examining the Australian labour market’s role in shaping the Reserve Bank of Australia’s monetary policy.

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Oil hits seven-month high, and gold surpasses $5,000 amid US-Iran tensions

Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.

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Oil prices hit seven-month high amid U.S.-Iran tensions; experts analyze impacts on global economy and energy markets.


Oil prices have surged to a seven-month high as escalating tensions between the U.S. and Iran spark fears of global supply disruptions. The Strait of Hormuz remains a flashpoint, with analysts closely monitoring potential military actions that could further strain energy markets.

Investors are reacting to geopolitical uncertainty, with oil markets pricing in heightened risk.

Kyle Rodda from Capital.com joins us to discuss what is driving these record-breaking price movements and the potential implications for the global economy.

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Australia jobs, market trends, and tariff ruling: What investors need to know

Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.

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Australia’s jobs report shapes rate forecasts, with cyclical assets favored amid market volatility and upcoming Supreme Court rulings on tariffs.


Australia’s latest jobs report is shaping market expectations and interest rate forecasts. Strong employment growth could boost confidence in the economy, while weaker data might prompt a rethink of monetary policy.

Investors are favouring cyclical assets over growth stocks, targeting sectors like industrials, materials, and energy. David Scutt from StoneX notes this reflects both caution amid market volatility and a bet on areas tied to economic cycles.

Meanwhile, the upcoming Supreme Court ruling on Trump’s reciprocal tariffs could significantly impact markets, yet many are overlooking its potential effects on trade, commodity prices, and sector valuations. Investors should prepare for possible volatility and adjust strategies accordingly.

#AustraliaJobs #InterestRates #CyclicalAssets #GrowthStocks #MarketInsights #TrumpTariffs #InvestorTrends #TickerNews


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