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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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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Money

Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Money

Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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